Update on MohamadMohamad is a 35-year-old married father. He is a Palestinian refugee who has worked as a fisherman for 20 years. Mohamad adores the sea; he was born a fisherman and can't imagine himself working in anything else.
Mohamad is a hardworking man. He has been an Al Majmoua borrower for eight consecutive loan cycles. All his previous loans were invested in his business and had a very good impact.
His previous loans and business improvement helped him a lot in increasing his income and improving his family's social and financial situations.
Through this current acquired loan, Mohamad will make necessary maintenance to his boat to keep it in good shape to improve his living.
He is a man with a very good reputation, liked by most of his relatives and friends.
He hopes to buy a bigger boat in the future and to increase the number of boats he owns.
Previous Loan DetailsMohamad is a 32-year-old married man and the father of two children. He has worked as a fisherman since 1996. Mohamad adores the sea; he was born as a fisherman and can't imagine himself working in anything else. Mohamad is a hardworking man; he uses fishing webs in order to get as much fish as… More from Mohamad's previous loan »
More information about this loan
This loan is specifically designed for Al Majmoua's vulnerable clients, namely non-Lebanese such as Filipinos, Egyptians and Syrian and Palestinians refugees. These communities have been marginalized by the Lebanese government and society and do not enjoy the same opportunities in the work, educational, and health fields. By funding this loan, you are helping these individuals improve their businesses and provide for their families.
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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This loan has been fully funded!