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Mohamad is a 20 year old man who lives in the Bekaa. Mohamad has owned a clothing shop for four years. He requested a loan of 1000 US dollars from A. Majmoua in order to purchase merchandise for his shop.
His clients can be anybody. Mohamad decided on doing his business because it was his father business and his father has owned the store for over twenty two years, as well as his experience in sales. In the future, he plans to expand his business.

Additional Information

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
  • 35
    View loans »
    Lebanon Loans Fundraising
  • $19,536,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mohamad mohamad will use the loan to purchase new games for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 5, 2009
Feb 17, 2009
Currency Exchange Loss:
Mar 15, 2010