Eyad Baysour Group
Amal is a 41-year-old widow who has been working in food production. She specializes in the mouneh business, which aims at a food preservation strategy, allowing foods from one season to be eaten another time during which they are not typically available. She started five years ago to provide her family with the necessary living needs since her husband passed away. She is taking the role of the loving mother and the hardworking father at the same time.
The loan for which she applied will help her to increase her production, through buying the present season's production to prepare the foods for the other seasons in which they are not available, and selling them at good prices. She is well known in her region with the good quality of products she sells, in addition to the special competitive prices she sets. She hopes to keep increasing her production and expanding her work to open a wide shop in the future.
Amal is pictured on the far right.
Samira is the second from the left. She is a 54-year-old married woman and mother of two. She has worked in handmade souvenirs for ten years. The loan requested will be invested in preparing for her daughter's expected baby needs.
Safaa is the second from the right. She is a 19-year-old single woman who works as a cashier in a restaurant to pay for her university needs. Today Safaa's requested loan will be used to pay her university fees.
Fairouz is a 37-year-old married woman who has worked in the handmade goods business for five years. The loan requested will be invested in her expected baby preparations.
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