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Mohamad
Mohamad M. is 23 years old, who lives in Nabatieh, Southern Lebanon. Mohamad has owned a mobile phone for four years. He sells and repairs mobile phones and sells phone accessories. Mohamad is requesting a loan of 1000 US dollars from Al Majmoua to purchase merchandise for his shop.

This is his second loan and has always paid on time.Mohamad's previous loan helped him improve his business. His clients are his friends, neighbors and others. He created his business to improve his financial situation and plans on expanding his business in the future.

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
  • 81
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mohamad to purchase merchandise for his mobile phone shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2009
Listed
Mar 24, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010