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Sawsan Group
In this Group: Sawsan , Fatima, Samira
Sawsan is a 41-year-old widow and mother of four children. She is the family's sole breadwinner, taking the full responsibility after her husband passed away. Sawsan opened a convenience store at the same building she is living in, to stay next to her children and to manage her business in a balanced way.
Sawsan sells conserves, sweets and detergents. She is working hard on improving her business so that she stays capable of providing a good living to her children.
Sawsan is the featured borrower for Sawsan's group and she is elected as the group leader. She got together with her other group members to take this Al Majmoua loan because they have always been neighbors and friends. She is seated on the right with the pink veil.
Fatima is the one in the middle. She is a 23-year-old married woman, and mother of three children. She works as a hairdresser from her house to help her husband in their living and to take good care of her family at the same time.
Samira is a 48-year-old married woman and mother of one child. She has worked making hand-made souvenirs for twelve years and is proud of herself. This is their third cycle as Al Majmoua borrowers, and they all agree that Al Majmoua loans helped a lot in improving their social and financial situations.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Sawsan Group's $2,100 loan helped a member to buy new merchandise, thereby increasing her business capital.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2012
Listed
Jul 29, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013