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Angels Group
In this Group: Latifa, Lamis, Johayra
Latifa is the featured borrower from the Angels group. Together with her group members she has applied for a Youth loan from Kiva's partner Al Majmoua, because they have always been neighbors and friends.

Latifa is a 26-year-old married woman, mother of two children, who has been working in a beauty business for eight years in order to help her husband in making their living and developing their social and financial situation. Latifa loves her work a lot, because through it she can manage to provide her children with their needs, and she puts in an additional effort to save for their future education needs.

Latifa's loan will be invested in increasing her business merchandise with special perfumes and cosmetics. In addition, she will start a new business, trading scarfs and accessories to increase her income and improve her standard of living. She is the one on the left.

Lamis is the one in the middle, she is a 25-year-old single woman who has worked as a hair dresser for eight years. She is well known in the region with her good reputation and talent in her domain, her portion of the loan will be invested in buying necessary business needs (tools and hair treatments) to stay updated in her domain.

Johayra is a 24-year-old married woman, mother of three children. She has been working as a tutor for two years from her house, to help her husband in covering some of their family's expenses and at the same time to stay next to her family and take good care of them. Because of the increase in her family's needs, Johayra's loan will be invested in starting a new business that will help a lot in improving their living standards. She will start selling beauty cosmetics of an excellent and well recommended quality which are well-known in their region.

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
  • 97
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Angels Group's $1,800 loan helped a member to increase her business merchandise with special perfumes and cosmetics in addition to starting a new business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 5, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014