Rasha is a 29-year-old married woman, mother of three children (two girls, Lina, 9 and Maria, 4, and a son, Husein, 1 month). She has been working as a tutor for four years to help her husband in making their living and covering their expenses.
Her loan will be used to pay for her children's school fees and buy necessary diesel fuel to keep warm during the winter season. She loves education and educating people and that's why she hopes to open a special tutoring school in the future. Rasha is the woman seated on the right.
Hala is a 29-year-old married woman, mother of two boys (Samir, 6, and Majed, 2). She has been working since a year ago to help her husband in making their living. Through the loan, Hala will pay her son's school fees. She is seated on the left.
Rodayna is a 22-year-old single woman who has worked in a clothes-selling shop since five years ago. Through the loan, she will try to start a small business of her own in order to open a big clothes selling shop in the future.
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