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Mohamad
Mohamad is a 39-year-old married father of two children, whom he works hard to provide with the best living.

Mohamad has worked in selling fresh chicken since 26 years ago. In June 2008, he opened his current business and he's working hard to develop it as much as he can.

Mohamad is acquiring a loan from Kiva partner Al Majmoua to buy a car locally known as Rapid, which will be used to transport his business goods from the market to his shop, instead of requesting help from others and paying extra charge for it.

Mohamad is well known in his region for the good quality of products provided and the competitive prices he sets. He hopes to keep on expanding his business and replying to customers' needs as much as he can.

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

  • $15,800
    Average annual income
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $16,152,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Mohamad to buy a car specialized for transporting his goods.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014