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Adnan
Adnan, age 40, has been selling power generators to earn an income for the past 15 years. His business is highly requested in his region, which is why he has to keep his machines up to date. He does this by keeping generator spare parts on hand so that he can respond to any unexpected request.

He has applied for a loan from Kiva partner Al Majmoua in order to buy necessary spare parts for his business.

Adnan and his wife have two children. He is working hard to expand his business as much as he can. His goal is to develop it so that he can cater properly for his family's needs.

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
  • 87
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Adnan to buy necessary spare parts for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014