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Mohamad is a 19-year-old, single Palestinian refugee, who has been working as a barber for eight years. Mohamad was only 11 years old when he had to quit school and start working as a barber to support his family and cover his living expenses.

In 2012, he established his current business and he is working hard on developing it as much as he can. For this reason, he is requesting a YOUTH loan from Kiva's Field Partner Al Majmoua to buy the necessary updated tools, which will help him improve his business and provide new requested services to his customers.

He hopes to continue developing his business as much as he can to make sure that he can meet most of his customers' needs and requests.

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
  • 95
    View loans »
    Lebanon Loans Fundraising
  • $19,258,500
    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 buy necessary updated tools for his barber shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 30, 2014
Jun 2, 2014
Currency Exchange Loss:
May 17, 2015