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Mohamad is a 29-year-old single man, who has been selling cars for thirteen years. He has very good experience in this domain since he had to start working at an early age to help his parents make their living and cover their expenses.

Mohamad is acquiring a YOUTH loan from Kiva partner, Al Majmoua, to pay for his wedding expenses and to buy the necessary home furniture that he needs. This is his fourth loan cycle as an Al Majmoua borrower. All of his previous loans helped him a lot in developing his business in a well-managed way.

He hopes to keep expanding his business in the future through opening a car-selling showroom.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $19,267,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Mohamad to pay for his wedding expenses and to buy the necessary home furniture that he needs.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 11, 2013
Dec 4, 2013
Currency Exchange Loss:
Feb 2, 2014