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Mohamad Group
In this Group: Iman, Zeinab , Fatima
Fatima is the featured borrower for the Mohamad Group. She got together with her other group members to take this Al Majmoua loan because they have always been neighbors and friends. Fatima, seated on the right, is a 29-year-old married woman and mother of three children (Husein (m), 7 years; Zeinab, (f), 5 years; and Zahraa (f), 4 years). To help her husband in making their living and to take good care of her children, Fatima opened a nursery in her house five years ago. She does well in her business because most of the working mothers work hard to find a nursery that keeps their children in a safe and caring place. This was very smart because she is always home to respond to her children’s needs. Fatima is also very talented in hairdressing and she sells beauty cosmetics, which provides extra income to her family and covers unexpected expenses.

She applied for a loan from Kiva's partner Al Majmoua in order to improve her hairdressing business through the purchase of necessary creams and tools such as a hair dryer, wax machine and make-up set.

Zeinab, seated in the middle, is a 43-year-old married woman and mother of three children (Hawraa (f), 14 years; Fatima (f), 12 years; and Mohamad (m), 9 years). She sells beauty cosmetics and perfumes and is planning to expand her business by selling Brazilian Gold.

Iman, seated on the left, is a 32-year-old married woman and mother of two children (Abdallah (m), 13 years and Nancy (f), 9 years). She has been working as a hairdresser for the past eight years. She applied for a loan from Kiva's partner in order to pay for her son's tuition fees. She is planning to open a hairdressing shop to expand her 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.

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
  • 41
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mohamad Group's $1,500 loan helped a member to purchase necessary creams and tools such as a hair dryer, wax machine and make-up set to improve her hairdressing business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013