Adnan's clients like to come and shop from his place, because he knows how to attract clients. Although Adnan has a problem talking, many of his clients understand him quickly because they are used to talking to him and seeing him often.
Adnan sells plates, silver gifts, spoons, kettles, cups and many other useful household products. Adnan is requesting a loan from Al Majmoua for the second time, in order to increase his capital and to buy and register a motor cycle that's necessary for his business, since it eases transportation from/to wholesale shops. His previous loan helped a lot since he used it to buy special offers he got on special stocks, and he proved he was a good-standing borrower.
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
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Success!! The loan was 100% repaid