Al Mouna Group
Fatima sells clothes from her house and through visiting various customers. She is applying for a loan from Kiva partner Al Majmoua to increase her merchandise with a special winter collection, do the necessary decoration to her house, and pay for her son's medication.
She hopes to open her own shop in the near future.
Mona is 42-year-old married woman, the mother of four children. She has been selling household appliances since 3 years ago to help her husband in making their living. She is the one on the right. Her requested loan will be invested in increasing her merchandise with newly released items.
Amira, a 64-year-old married mother of five children, has sold clothes and preserved food for eight years. Her present loan will also be used to buy a winter collection of clothes.
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