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Adnan
Adnan is a 59-year-old married man, living with his wife in Nabatieh. He has worked at selling charcoA. for four years. He used to sell candies and sweets, but he turned to this business since he found out that it's requested a lot in his village.

He is applying for a loan from A. Majmoua for the first time in order to buy extra charcoA. at a good price to store for the winter season sales, making a good profit. Adnan is willing to open a big charcoA. storage area, and he will work hard to save the necessary capitA. to do so.

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
  • 92
    View loans »
    Lebanon Loans Fundraising
  • $16,118,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Adnan to buy extra charcoal to store for winter season sales.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2011
Listed
Sep 17, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012