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Mohamad
Mohamad is 51 years old and lives in Tripoli, northern Lebanon, with his wife and their three children. He has owned a grocery store for seven years, and has requested a loan of $1000 USD from Kiva partner, A. Majmoua, in order to purchase merchandise for his store. This is the first time that Mohamad has requested a loan.

Mohamad went into the grocery business because he wanted to improve his financiA. situation. When he first started his store, he didn’t have the necessary start-up capitA.. Mohamad is successful in his work because he knows how to treat his customers, who include friends and neighbors amongst others. In the future, he plans on expanding 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
  • 65
    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 to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010