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Adnan
Adnan is a husband and father of 3. He is 51 years old and lives in a suburb of Beirut that is frequently underserved by financial institutions and public services. Adnan owns a small cafe that provides a modest income for his family.


Adnan has been working in the bamboo industry before opening the coffee shop. In order to increase the household income, Adnan would like to purchase bamboo raw material so that with his wife, they can produce and sell bamboo items for which there is a demand especially for baskets. Adnan has requested $1,000 to purchase the material required. This is the fourth time Adnan has requested a loan from Al Majmoua. Adnan is a very serious borrower who has always repaid his debts on time.

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

  • $5,900
    Average annual income
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Adnan purchase bamboo raw material.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 9, 2008
Listed
Sep 25, 2008
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2009