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Mohamad
Mohamad is a 67-year-old married father of two children. He is a Palestinian refugee living and working in Lebanon. Mohamad is a plumber. He is very skilled in his field because of his 40 years of experience. Mohamad is acquiring a loan from Kiva partner Al Majmoua to pay his son’s university fees.

Mohamad is the family’s sole breadwinner. He works hard to develop his business and expand it as much as he can to make sure that it provides enough to cover his family’s needs and requests. Mohamad’s future plan is to continue expanding and improving his work by completing a variety of construction projects that provide him with a higher income.

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
  • 57
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mohamad to pay his son’s university fees.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Oct 5, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014