Haydar is a 24-year-old man who lives in Tyre, southern Lebanon. Haydar has owned a bakery for 10 years. He sells and produces mankoucheh. 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 any time of the day, but somehow it tastes better in the morning. Haydar is special in his work because he is known for his good and tasty mankoucheh. He requested a loan from Al Majmoua in order to purchase raw materials and a motorcycle because he plans to start doing delivery. This is the first time that he has requested a loan. He decided on doing his business because that’s what he always wanted to do, and he is known for his mankoucheh. His clients are his friends and neighbors. In the future, he plans to keep on improving his work.
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.