This ambitious and hard-working man works in three different places: as a waiter in a restaurant close to his home, as maitre d' at night in a hotel of Beirut and, finally, he helps his brother with his small “Manakiche” bakery. The "manakiche" is a famous pizza bread that Lebanese usually eat for breakfast.
Abbas needs a loan for an amount of USD 1,000 to purchase a new bakery oven and expand the "Manakiche" family business. The income increase will help improve the livelihood of his brother's family. This is the first time Abbas has requested a loan from Al Majmoua.
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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