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Rami
Rami is a 43-year-old man who lives in Bourj El Barajneh, in the southern suburbs of Lebanon, with his wife. Rami owns a bakery. He makes “saj”and “mankoucheh”. The “saj” is the metal oven where you make the saj bread. It's a traditional Lebanese cooking dome used to make Markouk (“thinned”) bread and doughy confections or Mankoucheh. A mankoucheh looks like a folded pizza, 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.



Rami requested a loan of 2000 US dollars from Al Majmoua in order to purchase raw materials such as oil, flour, thyme, cheese, and to have some liquidity. This is his second loan cycle and he has always paid on time.



His previous loan helped him improve his bakery. His clients are his friends and neighbors. When Rami first started his business, he had to face competition. He decided on doing his business because he wanted to improve his financial situation. In the future, he plans on improving his 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
  • 97
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Rami to purchase raw materials and have some liquidity.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2009
Listed
Apr 3, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010