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Mohammad, 26, lives with his wife and their child in Tripoli, northern Lebanon, where he has worked as a car painter for 18 years. He is requesting a loan of $2000 USD from Al Majmoua in order to purchase paint for his work and to start a new business selling cars. Mohammad has been a microcredit client for five years now and has always repaid on time.

His previous loans helped him to improve both his garage and financial situation. His knowledge and experience make Mohammad very skilled in his work, and his clientèle includes friends, neighbors and others. He embarked upon this business because he wanted to have an independent livelihood, and in the future plans on improving his business by selling car paints.

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
  • 137
    View loans »
    Lebanon Loans Fundraising
  • $16,571,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohammad to purchase paint for his work and to start a new business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 18, 2009
Apr 1, 2009
Currency Exchange Loss:
Apr 15, 2010