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Haidar
Haidar is a 36-year-old man who lives in Bourj el Barajneh, the southern suburbs of Lebanon, with his wife and their five children. Haidar has owned a bakery since 2004. He sells mankoucheh and is known for his good and very tasty mankoucheh. A mankoucheh looks like a folded pizza, and the most common toppings are zaatar (thyme), jebneh (cheese) and lahm bi ajin (minced meat). You can eat it anytime of the day, but somehow it tastes better in the morning.



Haidar requested a loan of 1000 US dollars from Al Majmoua in order to do some maintenance on his shop, like painting, buying new ingredients for making his mankoucheh, and also for paying the school tuition fees for his children. This is the first time that he has requested a loan.



In the beginning, he faced a difficulty which was the lack of cash, but now that he knows how to treat his clients well, he has improved a lot in his work.

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.

About Lebanon

  • $5,900
    Average annual income
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Haidar haidar will use the loan to do maintenance in his shop, purchase merchandise and also pay school tuition fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2008
Listed
Dec 4, 2008
Currency Exchange Loss:
N/A
Ended:
Jan 12, 2010