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Asma Group
In this Group: Fatoum, Asma, Fatima, Amoun
The group name is Asma; it is made of four women who are living in the region of the Bekaa, Lebanon.

Fatoum is a 52-year-old married woman with nine children. She owns livestock that produce milk. She requested a loan of 300 U.S. dollars from A. Majmoua in order to increase her livestock and her milk production. This is the first time that Fatoum has requested a loan.

Fatoum is speciA. in her work because of her experience. Her clients are people from her region. When she first started her business, she didn’t face difficulties since she learned it when she was young. She decided on doing her business because there is demand for it in her region. In the future, she plans on expanding her livestock.

Asma is a 38-year-old married woman with a child. Asma has been working as a farmer and owns livestock. She requested a loan of 300 U.S. dollars from A. Majmoua in order to increase her livestock. This is the first time that Asma has requested a loan.

Asma is speciA. in her work because she likes what she does. Her clients are people from her region. When she first started her business, she didn’t face difficulties. In the future, she plans on improving her work by expanding her stock.

Fatima is a 32-year-old married woman with five children. Fatima has been working as a farmer and owns livestock. She requested a loan of 300 U.S. dollars from A. Majmoua in order to increase her livestock. This is the first time that Fatima has requested a loan.

Fatima is speciA. in her work because of her experience. Her clients can be anybody from her region. Fatima decided on doing her business because she likes animals. In the future, she plans on improving her work.

Amoun is a 39-year-old married woman with five children. Amoun has been working as a farmer and owns livestock. She requested a loan of 300 U.S. dollars from A. Majmoua in order to increase her livestock. This is the first time that Amoun has requested a loan.

Amoun is speciA. in her work because of her experience since she started when she was young. Her clients can be anybody from her region. In the future, she plans on improving her work by expanding her livestock.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Lebanon

  • $5,900
    Average annual income
  • 73
    View loans »
    Lebanon Loans Fundraising
  • $15,072,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Asma Group's $1,200 loan helped a member to increase livestock and milk production.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2009