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Mohamad
Mohamad is a 26-year-old married father of two children. He has been working as a coordinator in a reputable company since five years ago. His wife doesn't work; she takes full responsibility of taking care of her family's needs, which makes him the family's sole breadwinner.

Mohamad is acquiring a loan from Kiva's partner, Al Majmoua, to pay for his children's increasing school tuition fees.
He hopes that in the future, he can establish his own business to improve his family's living.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,500 helped Mohamad to pay for his children's school tuition fees.
94% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
N/A