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Al Kareem Group
In this Group: Mona, Majid, Nabila
The group name is 'A. Kareem'; it is made up of three ladies who are living in the region of the Aley, Mount Lebanon.

-Mona is a 62-year-old married woman who has four children. Mona has been selling Tupperware for seven years. This is the first time that Mona has requested a loan. She requested a loan from A. Majmoua in order to purchase merchandise for her work.

Mona is speciA. in her work because of her experience in sales. Her clients are people from her region. When she first started her business, she didn’t face difficulties. She decided on doing her business because she has good networking. In the future, she plans on expanding her work.

-Majid is a 34-year-old married woman with three children. Majid has owned a fruit and vegetable shop for two years. She requested a loan from A. Majmoua in order to purchase merchandise for her shop. This is the first time that she has requested a loan.

She is speciA. in her work because she is welcoming. Her clients are her friends, neighbors and others. When she first started her business, she didn’t face difficulties. Majid decided on doing her work because she wanted to supplement her family income and have a work for her own. In the future, she plans on improving her work.

-Nabila is a 56-year-old married woman who has three children. Nabila has been selling clothes from her home for seven years. She requested a loan from A. Majmoua in order to purchase merchandise for the new collection. This is the first time that Nabila has requested a loan.

She is speciA. in her work because of her good quality of products. Her clients can be anybody from her region. When she first started her business, she didn’t face difficulties. Nabila decided on doing her work to support her family’s income. In the future, she plans on improving her work.


About Group Loans
In a group loan, each member of the group receives an individuA. loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Al Kareem Group's $1,000 loan helped a member to purchase merchandise for her Tupperware business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 5, 2010
Listed
Mar 3, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2010