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Mohamad
Mohamad is a 27-year-old married father of one child. He and his wife, who is an employed accountant, work hand in hand to cover their family expenses. Mohamad has worked in the aluminum sector for 16 years and set up his own workshop around a year ago. In the beginning, he had high hopes regarding his business; however the lack of capital hindered its growth. This did not stop Mohamad from fulfilling his ambition and his positive vision towards life led him to a successful borrowing experience with Al Majmoua. For two consecutive loan cycles, Mohamad was able to develop his business and further increase his income. Currently, he is acquiring a third YOUTH loan from Kiva partner, Al Majmoua, which he will use to purchase new equipment that is necessary for his workshop’s growth and expansion. According to Mohamad, these loans reinforce his hope for achieving his dreams.

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.

About Lebanon

  • $15,800
    Average annual income
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $16,166,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohamad to purchase new equipment that is necessary for his workshop’s growth and expansion.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2015