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Fadak 1 Group
In this Group: Zeinab , Amina, Nour
Zeinab is the featured borrower of the Fadak 1 Group. She applied for a group YOUTH LOAN from Kiva partner Al Majmoua, because they have always been neighbors and friends. Zeinab is a 28-year-old married woman, mother of four children; a daughter Ahlam, 11, a son Hassan, 10, a daughter Fatima, 7, and daughter Fadak, 2. Zeinab has been selling creams and cosmetics for 2 years, to help her husband make a living for their family and covering their expenses.
With the requested loan, Zeinab will increase her products with special winter beauty creams and cosmetics. She is working from her house, but she will work hard to open her own shop.
She is the first one from the left.
Amina is a 22-year-old single woman, who has been working as a nurse for a year and a half. With the requested loan, she intends to start selling clothes to increase her income, and improve her living. She is the one seated on the right.
Nour is an 18-year-old single woman, who has worked as a sales person in a detergents shop for the last 7 months. With the amount requested she intends to buy a laptop that will help her improve her IT Knowledge.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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

  • $15,800
    Average annual income
  • 93
    View loans »
    Lebanon Loans Fundraising
  • $16,118,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Fadak 1 Group's $1,200 loan helped a member to increase her products with special winter beauty creams and cosmetics.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2013
Listed
Jan 31, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013