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Abdallah
Abdallah is a 38-year-old man who lives in Bourj El Barajneh in the southern suburbs of Lebanon with his wife and their three children. Abdallah has owned a bakery since 2003. He makes “mankoucheh.” A mankoucheh looks like a folded pizza and the most common toppings are zaatar (thyme), jebneh (cheese) and lahm bi ajin (minced meat). You can eat it any time of the day, but somehow it tastes better in the morning. Abdallah requested a loan of $1,300 from Kiva's partner Al Majmoua in order to purchase merchandise for his shop. Abdallah has been a micro-credit client for five years now and has always paid on time.


His previous loans helped him improve his work as well as his financial situation. His clients are his friends, neighbors and people from his region. When he first started his business, he didn’t face difficulties. Abdallah decided on doing his business because he wanted to work independently. In the future, he plans on expanding his shop.

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
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Abdallah abdallah will use the loan to purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010