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Hamza
Hamza is a 42 year old man who lives in the Bekaa with his wife and their four children. Hamza has owned a bakery for eight years. He does saj and mankoucheh. The saj is a metA. oven where you do the saj bread or a traditionA. Lebanese cooking dome used to make markouk (flatbread) and doughy confections or mankoucheh. A mankoucheh looks like a folded pizza. The most common toppings are za'atar (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.
Hamza is speciA. in his work because he knows how to treat his clients and makes good mankoucheh. His clients are his friends and neighbors. When he first started his business, he didn’t face difficulties. He decided on this work because he wanted to improve his financiA. situation.


Hamza requested a loan of $2000 US from A. Majmoua in order to purchase ingredients for his bakery and to pay his children's school tuition. This is his third loan and he has always repaid on time. His previous loans helped him to improve his bakery with the purchase of a new oven. In the future, he plans on expanding 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
  • 40
    View loans »
    Lebanon Loans Fundraising
  • $15,822,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Hamza to purchase ingredients for a bakery and pay school tuition.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2010