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Marwan
Marwan has owned a bakery for a year. He is 37 years old and lives in Nabatieh, Southern Lebanon with his wife and their two children. Marwan is special in his work because he opened his bakery in front of a school. His clients are mainly students as well as people from his region. He does “mankoucheh”. A mankoucheh looks like a folded pizza. The most common toppings are zaatar (thyme), jebneh (cheese) and lahm bi ajin (minced meat). You can eat it anytime of the day, but somehow it tastes better in the morning.


Marwan decided on this business because he wanted to improve his financial situation. When he first started, he had to face the competition. Thanks to his previous loans, Marwan was able to open his bakery and did improve his financial situation. This is his third cycle and he has always paid on time. Marwan is requesting a loan of $1000 US from Al Majmoua in order to purchase baking supplies like flour and oil. In the future, he plans on improving his bakery.

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
  • 49
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Marwan to purchase baking supplies like flour and oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2009
Listed
May 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010