Al Sadaka Group
Update on Al Sadaka GroupSamira is a 38-year-old, married woman, and the mother of three children. She is a hard-working woman. In 2009, she started selling Brazilian gold and beauty cosmetics. Samira works from her house, to manage both her business and family issues. Her husband supported her a lot at the beginning, and now she is capable enough to manage her business.
Samira applied for a loan from Kiva's partner, Al Majmoua, in order to pay for her children's school fees. She hopes to expand her business more and more in the future, and stay capable of supporting her family as much as she can.
Fawziya is a 62-year-old, divorced woman with no children. She is the one on the right. She worked hard to start her own business, so that she wouldn't need anyone's help. Fifteen years ago, Fawziya started selling clothes with the help of her sister's children, who gave her the capital requested to start a business of her own. It was a hard step to take, but she had to make her own career. With the requested loan from Kiva's partner, Al Majmoua, Fawziya will increase her beauty creams and cosmetics capital, buying inventory to reply better to her customers' requests.
Safiya is a 61-year-old, married woman and the mother of one child. Safiya is in the middle. In 1997, she started her own business selling gifts and antiques. Safiya is a courageous woman who works hard to reach her goals. She is applying for a loan from Kiva's partner, Al Majmoua, in order to increase her merchandise with specially released products. She hopes to open a wider gifts and antiques shop, to better display her products. Fatima hopes to succeed more and more in her business in the future.
Previous Loan DetailsSamira is a 38-year-old married woman and the mother of three children. In 2009, she started selling Brazilian gold and beauty cosmetics. Samira works from her house to manage both her business and family issues. Her husband supported her a lot at the beginning and now she is capable enough to ma... More from Al Sadaka Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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