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Hassan
Hassan is a 38-year-old married father of two children. He has been working in baking special delightful bread and traditional Manakish and pastries since twenty-two years ago. In 2012 he opened his present bakery and he is working hard to develop it to meet customers needs.

Hassan is applying for a loan from Kiva's partner Al Majmoua to buy a new oven that works on burning wood instead of gas, because it produces pastries with a special baked taste and an attractive finishing color too.

Hassan hopes to improve his bakery through the future loan through making necessary maintenance and decoration to please his customers and attract new ones.

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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 68
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Hassan to buy a new oven necessary for his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014