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Ramadan is a 34-year-old married man and father of two children. Ramadan has 25 years of experience in the bakery business. This long experience has given him broad talent to blend new tastes and recipes. He was only 14 years old when he opened his own bakery. It was hard for a young boy to start a business so early, but he had a big family to take care of since he was young.

Ramadan works hard to prevent his children from living his miserable childhood, which is why he tries to improve his business as much as he can. To continue to develop his business, Ramadan requested a loan from Kiva partner A. Majmoua in order to do necessary maintenance on his shop and on the main oven, in addition to buying necessary raw materials such as oil, flour, and cheese at speciA. wholesale prices.

Ramadan hopes to move his bakery to a wider space, although the present one is located in a high population area, which helps greatly to continually improve 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
  • 126
    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 Ramadan to do necessary maintenance to his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 5, 2011
Oct 30, 2011
Currency Exchange Loss:
Nov 15, 2012