Soukayna is a 45-year-old married woman and is the mother of four children. She has been working as a tailor for the last four years to help her husband, who works as a taxi driver, to improve their living conditions and to cover their children's education and expenses.
Soukayana is a hard worker. She is well known in her region and recommended by her customers, who started off being her relatives and neighbors and now are expanding to include friends-of-friends and those from nearby areas.
This loan will be used to buy a new tailoring machine that will develop her business in a well managed way. She is the first from the right in the photograph.
Rana is the second from the left. She is a 26-year-old married woman, who is the mother of two children. She has been working as a school principal since thirteen years ago. Her portion of the loan will be invested in buying a laptop for her son, which will help him in his school research and studies.
Ghida is the first from the left. She is a 26-year-old married woman, and she has three children. She has been working as an employee in a shoe shop for three years to help her husband to cover their family's expenses. Her portion of the loan will be used to pay for her children's school fees.
Mayada is a 49-year-old married woman with two children. She has been working selling glass cups, plates and other household items for three years. Her portion of the loan will be invested in increasing her business capital with special designs and discount products.
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