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Bassima
Along with her husband, 48-year-old Bassima owns a bakery that helps them cover the increasing financial demands of their family. Bassima quit school at an early age in order to pursue baking, a profession that was handed down from her mother. While the business struggled a bit at first, it has since been able to provide a steady income for Bassima and her husband.

Bassima has always dreamt of growing her business, so she has requested a loan from Kiva’s field partner Al Majmoua in order to increase her current inventory of raw baking materials, purchases that will enable her to offer better pricing and quality.

In the future, Bassima hopes to diversify her products and purchase the equipment necessary to produce sweets at her bakery, so that she can continue growing her successful 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.

Tags

About Lebanon

  • $15,800
    Average annual income
  • 40
    View loans »
    Lebanon Loans Fundraising
  • $15,822,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Bassima to increase her inventory of raw baking materials.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2014
Listed
Jun 29, 2014
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2015