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Baker
Baker has owned a home products store for eleven years, selling home products and cleaning supplies. He is outstanding in his work because he knows how to treat his clients and offers a large variety of products. His clients are his friends, neighbors and others. When he first started his business, he didn’t have a lot of cash and there were not a lot of passer-bys. Baker decided on this business because he wanted to work independently and likes sales.

Baker is a 45 year old man who lives in Saida, Southern Lebanon with his wife and their two children. He requested a loan of $1300 US from Al Majmoua in order to purchase merchandise for his business. This is his second loan cycle and he has always repaid on time. 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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Baker to purchase merchandise for his home products store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2009
Listed
Aug 20, 2009
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2010