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Muhammad
Muhammad K. is 56 years old and the father of 6 children. He lives in in a small village located in the north of Lebanon's Bekaa Valley. Muhammad owns and operates a generator that supplies electricity to houses in the neighborhood.



While most houses and businesses in this region are connected to the electric grid, Lebanon typically sees at least 3 hours per day of outages and many rely on local generators for alternative power.



Muhammad has been a client of Al Majmoua for the past 5 years and has asked for a loan of US$ 1200. It has been a lifelong wish of Muhammad to see his son get married, and finally the day has arrived. The money from this loan will be used to help pay for his son's upcoming wedding ceremony and complete construction on the home of this groom-to-be.

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

  • $15,800
    Average annual income
  • 31
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Muhammad to help with the costs of a son's wedding.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 28, 2008
Listed
Sep 14, 2008
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2009