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Mohamad is a 34-year-old, married Palestinian refugee. He had the chance to study computer science, but unfortunately he couldn't benefit from working in this domain, since Palestinians have limited access to several working sectors in Lebanon.

For this reason, Mohamad decided to help his father in his business and get the necessary experience and talent in this domain in order to start his own business and expand it in a well-managed way. Mohamad has 18 years of experience in the following areas: selling and fixing new and used van spare parts, fixing the necessary mechanical needs of vans, and renting vans when requested. He used this business experience from his father to start his own business in October 2009. Today, he has three employees, who work hard to help him in replying to his increasing number of customers. His workshop is located in a very attracting location, next to the regional parking for vans and buses. Because he is the only person in the region who provides such services, he has to make sure that he is always capable of replying to different customers' needs.

Mohamad developed his business properly. He started in the retail business and added maintenance services in order to provide his customers with everything they need at the same place, to save time. Today, Mohamad is working hard on developing his business properly, through an acquired loan from Kiva's field partner Al Majmoua. Through this acquired loan, he will buy 12 car engines made in Korea, specialized for the vans he works on, in order to provide the necessary maintenance they need.

His mechanical capabilities were developed gradually. At the beginning, he only had one car lifter, which he used to make his work easier, until he bought the necessary tools requested for this business. Today, he owns his work place from the net profit he received through this business. He received weekly installments and now, his business capital is around $100,000. He hopes to keep on developing his business in a well-managed way, to make sure that he can provide his beloved family the necessary standards of living they need, especially now that his wife is pregnant with their first expected baby.

Additional Information

More information about this loan

This loan is part of Al Majmoua's new SME (small and medium-sized enterprises) loan program for existing and startup businesses. The goal is to serve the "missing middle," a group of borrowers that requires loan amounts too large for typical microfinance, but is still seen as too risky by commercial institutions.

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
  • 126
    View loans »
    Lebanon Loans Fundraising
  • $16,605,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $12,000 helped Mohamad to buy 12 car engines made in Korea, specialized for the vans he works on.
72% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 9, 2014
Aug 10, 2014
Currency Exchange Loss: