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Mohammad
Mohammad is a 24-year-old man who lives in Tyre, southern Lebanon. Mohammad has been working as a car repairer since 2000. He is a car mechanic and he sells spare parts. Mohammad requested a loan of $1000 USD from Al Majmoua in order to purchase tools and merchandise for his garage. This is the first time that Mohammad has requested a loan.

Mohammad is trustworthy and he does good work. When he first started his business, he didn’t face difficulties because he took his father’s business, and his father already had built a network of clients. Mohammad decided on doing this business because he wanted to improve his family's income. In the future, he plans on expanding his business and finish purchasing all the required equipment for his garage.

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

  • $15,800
    Average annual income
  • 40
    View loans »
    Lebanon Loans Fundraising
  • $15,822,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mohammad to purchase tools and merchandise for his garage.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2009
Listed
Mar 6, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010