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Mohamad
Mohamad is a 28-year-old man who lives in Tripoli, northern Lebanon,, with his wife and their two children. Mohamad has owned a barber shop for a year and a half. He requested a loan of 1000 US dollars from A. Majmoua in order to change the décor of his salon. This is the first time that Mohamad has requested a loan.



Mohamad is speciA. in his work because he does nice hair cuts and knows how to treat his clients. His clients are his family member, friends and neighbors. In the future, Mohamad plans to expand his business.

Additional Information

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mohamad mohamad will use the loan to change the décor of his salon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2009
Listed
Feb 21, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010