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Mohamad is a 24-year-old single man who has been working at selling coffee for two years in his village's center. He is a hard worker who is responsible for raising seven people in his family. This puts much pressure on him to keep developing his business to make sure his income is enough to supply their needs.
Mohamad is applying for a YOUTH loan from Kiva's partner Al Majmoua, in order to buy an ice cream machine, a smoothie maker, and a ready-to-sell ice cream freezer.
Through the requested loan, Mohamad ensures additional business which will reflect positively on his income during the summer season, especially since his espresso coffee van is located in a very attractive place in his village.
He hopes to stay capable of supplying his family's needs and expanding his business as much as he can in a well managed way.

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
  • 127
    View loans »
    Lebanon Loans Fundraising
  • $18,206,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mohamad to buy an ice cream machine, a smoothie maker, and a ready-to-sell ice cream freezer.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 13, 2013
May 24, 2013
Currency Exchange Loss:
Dec 17, 2014