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Alberto
Alberto is a 49 year old married man. For the past 7 years he has been working as a baker, specializing in Manakish (dough topped with thyme, cheese, or ground meat), pizza, and Saj bread, which looks like a Mexican tortilla and is used mainly in Arabic cultures.

Alberto is well known in his region, and his customers are very happy with what he provides them. That's why he is insisting on buying a new, larger Manakish oven, to fully satisfy his customers’ needs. He is requesting his first loan from Al Majmoua to buy this oven.

Alberto works hard on improving his family's social and financial situation. He likes his bakery a lot, and hopes to keep improving it in the future so that he can achieve more of what his customers expect.

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

  • $5,900
    Average annual income
  • 70
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • 1,503.2
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Alberto to buy a bigger Manakish Oven.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2011
Listed
Sep 14, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013