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Mahmoud is a 44 year-old married man, father of four kids, who is working as an insurance broker for 17 years. He opened his own brokering office 6 years ago,in order to make a good start to a direct insurance provider, then to the dream insurance company. Mahmoud is requesting a loan from Al Majmoua, for the third time, in order to pay for the necessary maintenance to his office. Mahmoud is a good-standing borrower whose previous loans helped in improving his business as well as his social situation. Mahmoud is well known in the region and most of his clients recommend dealing with him. He hopes to open his own insurance company in the future and has his children work with him to expand 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

  • $15,800
    Average annual income
  • 32
    View loans »
    Lebanon Loans Fundraising
  • $19,527,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mahmoud to do necessary maintenance to his office.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jan 31, 2011
Feb 9, 2011
Currency Exchange Loss:
Apr 21, 2012