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Zaki is 60 years old, married, and has three children. He is the owner of a manakish bakery. He lives in Nabatieh and has 37 years of experience in the field. He is requesting a loan from Al Majmoua, which he will use to purchase products for his bakery such as flour, salt, oil ,etc. His clients are his village inhabitants. He used to have problems with competition but the good quality of his bakery permitted him to meet his customers' needs. This is Zaki's ninth loan cycle and he reports that the previous loans he obtained were very helpful for his bakery. Zaki is a good-standing borrower seldom late to repay. In the future, he hopes to improve his business and his income.

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
  • 139
    View loans »
    Lebanon Loans Fundraising
  • $16,571,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Zaki to purchase products for his bakery, such as flour, salt, and oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 9, 2011
Apr 1, 2011
Currency Exchange Loss:
Apr 21, 2012