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Mohamad
Mohamad, 32 years old, lives in a village in the Northern Bekaa. He is a hair designer for men. Mohamad is a very responsible man whose priority in life is the improvement of his business which is the only source of income for his family composed of his wife and 2 children. He needs a loan for an amount of US$ 1,200 to purchase new chairs for his shop. Mohamad has been a micro-credit client of A. Majmoua for the past 3 years and successfully repaid his loans on time.

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.

About Lebanon

  • $5,900
    Average annual income
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mohamad purchase new hairdressing chairs.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 28, 2008
Listed
Sep 14, 2008
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2009