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Mohamad
Mohamad is a 25-year-old single man who is the sole breadwinner for three members of his beloved family. Mohamad adores dealing with birds and raising them. In August 2013, he established his current bird raising and selling business, and he is working hard on developing and expanding it as much as he can. Mohamad has five years of experience in this domain. He used to work as a plumber, but he prefers to deal with birds, and he has his own special language to deal with them, he says.

Today, Mohamad is acquiring a YOUTH loan from Kiva partner Al Majmoua to develop his newly established business with special bird-raising items, cages, hatchery, warming system, feeders, and watering tools. He hopes to keep on developing his business to make sure that it is good enough to cover his beloved family's needs and requests.

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
  • 49
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mohamad to develop his newly established business with special bird-raising items, cages, hatchery, warming system, feeders, and watering tools.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2014
Listed
Feb 27, 2014
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2015