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Update on Mouhamad

Mouhamad is a 29-year-old married man from Lebanon and the father of one child. He has been working as a blacksmith for four years. Mouhamad has requested a YOUTH LOAN from Al Majmoua in order to do necessary maintenance on his pickup, buy iron, and renew his tools, which are necessary for his work and makes it easier.

This is Mouhamad’s sixth loan with Al Majmoua, and he has proven to be a borrower in good standing through his timely repayments. Mouhamad believes that this loan will improve his work and expand his business territory. He hopes to cover a wider region, to expand his income, and to provide his family with the best living possible. He is very happy with the results of his previous loans, and he is sure that this one will also have impressive effects on his business.

Previous Loan Details

Mouhamad is a 30-year-old man from Lebanon, working as a blacksmith for three years. Mouhamad has requested a loan from Al Majmoua in order to buy an important steel welding machine, which is necessary for his work and makes it easier. This is Mouhamad’s third cycle with Al Majmoua,and he has pro... More from Mouhamad's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Lebanon

  • $15,800
    Average annual income
  • 44
    View loans »
    Lebanon Loans Fundraising
  • $19,495,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Mouhamad to do necessary maintenance on his pickup, buy iron, and renew his tools.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 18, 2012
Jul 14, 2012
Currency Exchange Loss:
Sep 17, 2013