Funded

Total loan: $12,000
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Mohamad

Lebanon
Spears, Lebanon / Auto Repair

A loan of $12,000 helped to buy 12 car engines made in Korea, specialized for the vans he works on.


Mohamad's story

Mohamad is a 34-year-old, married Palestinian refugee. He had the chance to study computer science, but unfortunately he couldn't benefit from working in this domain, since Palestinians have limited access to several working sectors in Lebanon.

For this reason, Mohamad decided to help his father in his business and get the necessary experience and talent in this domain in order to start his own business and expand it in a well-managed way. Mohamad has 18 years of experience in the following areas: selling and fixing new and used van spare parts, fixing the necessary mechanical needs of vans, and renting vans when requested. He used this business experience from his father to start his own business in October 2009. Today, he has three employees, who work hard to help him in replying to his increasing number of customers. His workshop is located in a very attracting location, next to the regional parking for vans and buses. Because he is the only person in the region who provides such services, he has to make sure that he is always capable of replying to different customers' needs.

Mohamad developed his business properly. He started in the retail business and added maintenance services in order to provide his customers with everything they need at the same place, to save time. Today, Mohamad is working hard on developing his business properly, through an acquired loan from Kiva's field partner Al Majmoua. Through this acquired loan, he will buy 12 car engines made in Korea, specialized for the vans he works on, in order to provide the necessary maintenance they need.

His mechanical capabilities were developed gradually. At the beginning, he only had one car lifter, which he used to make his work easier, until he bought the necessary tools requested for this business. Today, he owns his work place from the net profit he received through this business. He received weekly installments and now, his business capital is around $100,000. He hopes to keep on developing his business in a well-managed way, to make sure that he can provide his beloved family the necessary standards of living they need, especially now that his wife is pregnant with their first expected baby.



Loan details

Loan length:

20 months
Disbursed date: July 9, 2014
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development

Lenders and lending teams




Loan details

Loan length:

20 months
Disbursed date: July 9, 2014
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development