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Mohamad is a 29-year-old single man, and he has worked in transportation for 12 years. He is a hardworking man. In 2010 he bought his own van to start transporting students to and from school. His business is just going on fine. It's his reputation that gives him his customers' trust & support.

Mohamad wants to do necessary maintenance to his van to keep it in good shape for the sake of his customers' relaxation & comfort. That's why he applied for a Youth loan from Kiva partner, Al Majmoua. It's his first time to take on such a challenge.

He is planning to start taking touristic visits in the summer, and hopes to open a special transporting company in the future.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 55
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    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 do necessary maintenance on his van.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 9, 2012
Jan 31, 2012
Currency Exchange Loss:
Feb 15, 2013