Al Ain Group
Ibtisam is a 45-year-old divorced woman, taking care of her only child, Ali (M), who is15 years old. Two years ago, Ibtisam opened a chicken selling shop to make sure that she can provide her son a secure living and provide him with everything he might need. She works hard to provide him with the best education and is hoping that he might be an important business man in the future.
Ibtisam is applying for a loan from Kiva's partner Al Majmoua, in order to pay for her son's school tuition fees. This is her second cycle as Al Majmoua borrower, with a good standing paying back history. Her previous loan helped her in increasing her business capital and increasing her income.
Layla is 47-year-old widow, mother of three children (Ali (M) 26, Mohamad (M) 24, Huda (F) 23) who sells clothes in her house, to take care and raise her children. She has been doing this for two years.
She is applying for a loan from Kiva's partner Al Majmoua, in order to do necessary maintenance to her house. She will paste tiles to its floor. She hopes to open her own shop in the future. She is the one on the left.
Fatima is a 29-year-old married woman, mother of two boys (Mahdi 6, Hadi 3). She has worked selling makeup, perfumes and accessories for the past two years to help her husband in making their living and covering their expenses.
She is applying for a loan from Kiva's partner Al Majmoua, in order to increase her products collection with special autumn and winter facial creams. She also hopes to open her own shop in the future. This is the second cycle as Al Majmoua borrowers and they are very excited to have this loan too.
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
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Success!! The loan was 100% repaid