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Mohamad
Mohamad is a 30-year-old single man who works in the agriculture business to make his living. Mohamad has an agricultural tractor that he uses to help farmers in doing necessary agricultural work. He also works in transporting students to and from school as an additional income business. Mohamad is a hard worker who seeks perfection in both businesses to make sure that they will provide him with a good living.

He is acquiring a youth loan from Kiva partner Al Majmoua, to make necessary maintenance to his tractor, which is his main source of living.

Mohamad is working hard to hard to keep on developing his businesses to make sure that, in the future, he'll have a wide agricultural services company in addition to a transportation company.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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

  • $15,800
    Average annual income
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,822,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohamad to make necessary maintenance to his tractor.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2013
Listed
Nov 9, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015