Funded

Total loan: $2,000
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Mahmoud

Lebanon
Beirut, Lebanon / Mobile Phones

A loan of $2,000 helped to purchase used mobile phones, recharge cards and accessories for his work.


Mahmoud's story

Mahmoud is a 22-year-old man who lives in Beirut, the capital of Lebanon. Mahmoud has owned a mobile phone shop for over a year. He has owned a mobile phone, accessories and mobile recharge cards and repairs mobile phones. He requested a loan of 2000 US dollars from Al Majmoua in order to purchase used mobile phones, recharge cards and accessories for his work. This is the first time that Mahmoud has requested a loan.

Mahmoud is special in his work because of his good reputation and competitive prices. His clients are his friends and neighbors. When Mahmoud first started his business, he had financial issues, but those ended 6 months after he opened his shop. He decided on doing his business because of his experience in IT and mobile phones. In the future, he plans on expanding by opening a second mobile phone shop.



Loan details

Loan length:

14 months
Disbursed date: September 14, 2009
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: September 14, 2009
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development