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Mahmoud
Mahmoud is a 35-year-old married father of two children who has been working as a barber for sixteen years. He also owns a small bus which he runs for transportation services as an additional income business to improve his family's standard of living and increase his income.

Mahmoud is requesting a loan from Kiva partner Al Majmoua to perform necessary maintenance on the van (small bus) that he owns and runs for transportation services.

Mahmoud hopes to open a spare auto parts shop in the future to improve his socioeconomic situation. He likes his current business because he has a lot of experience and it can be managed with a small amount of capital. However, he is currently working hard to develop a new career.

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
  • 41
    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 $1,000 helped Mahmoud to perform necessary maintenance on the van he owns and runs for his transportation business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2013
Listed
Nov 28, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014