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Alice
Alice is a 49 year old woman who lives in Tripoli, northern Lebanon with her husband and their five children. Alice has owned a grocery store and a small bakery for nineteen years. In her bakery she makes “Mankoucheh.” 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.


Alice requests a loan of $2000 from Al Majmoua to purchase merchandise for her store and raw material for her bakery. This is the first time that Alice has requested a loan.


Alice is special in her work because she is known for her Mankoucheh. Her clients are her friends, neighbors and others. When she first started her business, she had some financial issues because she didn’t have enough cash. Alice decided to start her business because she wanted to supplement her family’s income and do independent work. In the future, she plans on expanding and improving her 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.

About Lebanon

  • $15,800
    Average annual income
  • 63
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Alice purchase raw material for her bakery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2010