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.
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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