Ali is a 33-year-old man who lives in Bint Jbeil, southern Lebanon with his wife and their child. Ali has owned a bakery since 2000. He sells mankoucheh and pizzas. 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. Ali is special in his work because he is known for his good and tasty mankoucheh. When he first started his business, he passed through some financial issues. Ali is special in his work because he has lots of confidence and experience. This is his second loan and he has always paid on time. Therefore, he requested a loan from Al Majmoua in order to expand his business by opening a new bakery in a different region. He plans to open his second bakery and hopes that it will keep on growing and having more clients. His clients are his friends, neighbors and people from his region.
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.