Ladie is in the photo on the left. She is a 42-year-old divorced woman who works selling mobile phones and prepaid cards to make her living. Her loan would be invested to increase her business income with newly released mobile phones and accessories, in addition to the highly requested prepaid cards.
Maribeth is the second from the right in the photo. She is 35-year-old married woman who works as a housekeeper to provide her family a good living.
Mary Rose is a 35-year-old divorced woman who is working hard as a housekeeper to improve her living conditions. She is at the far right in the photo.
Jacqui-lou is a 33-year-old married woman who works as a housekeeper to improve and develop her family's social and financial situation.
The requested loan will help Ladie, Mary Rose and Jacqui-lou cover their families' expenses and improve their living.
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