Hassan owns a bakery specializing in Saj bread, a traditional Lebanese bread similar to pita bread. It’s a hard job for a man his age, but despite this he is still an ambitious man looking to expand and develop his business. That’s why he decided to renovate his shop and buy a new modern and updated machine, in addition to making decorations to attract new customers. These changes will be done through the requested loan from Kiva partner Al Majmoua.
Hassan is well-known in the region for his tasty specialty bread, in addition to his low prices and neat production. He aspires to expand his business with the help of the applied for loan, and he’s sure that it will improve his social and economic life.
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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