Al Dalaa Group
Dalal is the one sitting in the middle. She is a 51-year-old married woman who has been working as a hairdresser from her house for 30 years. She is well known in her region with her good reputation and special talent. She works from her house. The loan will be invested in buying necessary hair and beauty cosmetics needs, in addition to special medical needs.
Fayza is the one sitting on the left. She is a 51-year-old married woman and mother of two children. She has been selling accessories for three years. She is a hard worker and has a very good relationship and communication with her customers.The loan will help her increase her accessories collection and renew her house furniture.
Linda is a 52-year-old widowed woman who has been working as a teacher for 33 years. The loan she applied for will be invested in doing necessary maintenance for her living room, since she accepts students at home. She works as an after school tutor to make sure that she has an additional income business that will help her in her income and family's expenses.
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