Funded

Total loan: $2,400
Powered by 86 lenders

Naayem

Lebanon
Metn, Lebanon / Bakery

A loan of $2,400 helped to buy extra raw materials (flour, oil) at good prices.


Naayem's story

Naayem is a 55-year-old married mother. She has two children who are still living under her roof. She owns her own small bakery where she prepares Lebanese traditional bread for the whole village. She has 21 years of experience in this domain, but she started her existing business in 2009.

Her husband is a taxi driver and works as a house painter as an additional income, but both business incomes are not enough to provide for his entire family. Naayem has two children in a private school, which means she also has schooling expenses to settle on top of all the other expenses. Sending her children to school is very important for her because she wants them to have the opportunity that she unfortunately could not get, since the highest education she ever got was an intermediate school degree.

Thus, improving her socioeconomic situation would help her keep her children in school, without it being a heavy burden on the family's shoulders. This is how she decided to contact Al Majmoua and acquire a loan. In fact, she needs to buy extra raw materials (flour, oil) at good prices that would increase her production and income in her bakery, and make necessary renovations to her working place. In the future, Naayem wishes to expand her business.



Loan details

Loan length:

21 months
Disbursed date: May 27, 2013
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development

Lenders and lending teams




Loan details

Loan length:

21 months
Disbursed date: May 27, 2013
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development