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Hassan
Hassan is forty-five years old and lives in Nabatieh, in southern Lebanon, with his wife and their three children. Hassan has owned a bakery for ten years. He does “saj” and “mankoucheh”. The “saj” is the metal oven where he makes saj bread, and the saj bread is a traditional Lebanese cooking dome used to make Markouk (“thinned”) bread and doughy confections or 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 anytime of the day, but somehow it tastes better in the morning. Hassan requested a loan from the Kiva field partner, Al Majmoua, in order to purchase ingredients like oil, flour, thyme and cheese, and also to change the décor of his bakery. Hassan has been a microcredit client for five years now and has always paid on time.
His previous loans helped him improve his bakery. Hassan is well-known for his baked goods because of the good taste of his mankoucheh. His clients are his friends and neighbors. He did not find it difficult to get his business established. Hussein decided to open his bakery because he wanted to improve his family’s situation. In the future, he plans to expand his business.

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
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,848,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hassan to buy ingredients for his baked goods.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2010