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Mahmoud
Mahmoud is a 51-year-old married father of three children. He is a retired soldier.


For the past eight years Mahmoud has maintained a perfumery where he prepares and sells perfumes. It is his family’s main source of income, so he’s been working hard to develop it. At the beginning he faced many problems because he didn’t have experience in this domain, but now his customers recommend him to others.


Today Mahmoud is applying for a 1,000 USD loan through Kiva’s partner Al Majmoua to add accessories, bags and other merchandise to his shop so as to expand his business and diversify his products. In the future he is going to add school supplies to his shop.

Additional Information

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 75
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,000 helped Mahmoud to add accessories, bags and other merchandise to his shop.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2013
Listed
Oct 2, 2013
Currency Exchange Loss:
N/A
Expired:
Nov 1, 2013