Rock makes a very tasty Mankousheh, is a popular food consisting of dough topped with thyme, cheese, or ground meat, similar to a pizza, it can be sliced or folded, and it can either be served for breakfast or lunch.
Rock is very talented person, and his business is improving because of the tasty products he makes. His bakery is located next to an army barracks and he wants to be capable of supplying the huge number of orders he gets from soldiers in addition to his usual daily customers. For this reason, he decided to request a loan from Kiva partner Al Majmoua, in order to buy extra raw materials and new machines which will allow him to respond to demand.
Rock is a hard worker who seeks perfection in his business. In addition to his bakery he hopes to expand his business by opening a special snack shop where he can serve specially-made sandwiches.
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
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Success!! The loan was 100% repaid