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Mohamad
Mohamad is a 27-year-old single man and Palestinian refugee. Two years ago he started his own hookah café in the refugees’ camp where he lives, despite his lack of capital and savings. Today, his business is making good progress and his café is frequented by a large number of residents in the camp.

Mohamad is an ambitious person who looks for better chances in life. He has acquired a youth loan from Kiva’s field partner Al Majmoua to purchase more hookahs and charcoals for his café, in effort to grow his business and increase his revenue. In the future Mohamad intends to establish a charcoal supply store and distribute his coals all around Lebanon.

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

  • $5,900
    Average annual income
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,295,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Mohamad to purchase more hookahs and charcoals for his café, in an effort to grow his business and increase his revenue.
83% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2014
Listed
May 27, 2014
Currency Exchange Loss:
N/A