Al Doha Group
Maha is a 27-year-old single woman who has been working in photography since three years ago. She loves her business a lot and puts so much effort in developing it as much as she can.
Through this loan that she has applied for, Maha will buy a new flash for her camera, because the present one is not working fine, which affects the pictures' resolution, and will strongly affect her business development.
She hopes that one day she can open a big studio, and recruit people who can help her cover many occasions at the same time.
Maha is the one on the left.
Hala is a 26-year-old single woman who has been working in a medicine warehouse since two years ago. Through this loan, she will make medication she needs. She is the one on the right.
Dalal is a 28-year-old single woman who has been working in a laboratory since three years ago. Through this loan, Dalal will be capable of visiting religious areas outside Lebanon, which she has been seeking to do for a long time.
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 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