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Top Crazy Group
In this Group: Rowena , Irine , Annie Rose
Rowena is the featured borrower for Top Crazy Group. She got together with her other group members in order to take this Al Majmoua Lebanese Association for Development loan because they have been close friends ever since they moved from the Philippines to Lebanon. They all work as housekeepers for Lebanese families and earn barely enough money to be able to sustain themselves for a single month.

Rowena is standing on the far left of the picture, wearing a pink t-shirt. She is a 38-year-old, divorced mother of one child, who is still living in the Philippines. The reason she seeks to acquire this loan is to be able to send her child to school and to lower the burden of the school fees.

Irine, the woman standing on the far right of the picture, is a single 29-year-old woman who is also working as a housekeeper for a Lebanese family. She is seeking the Al Majmoua Lebanese Association for Development loan in order to help her parents back in the Philippines.

Finally, the 35-year-old, single woman, Annie Rose, standing in the middle and a housekeeper as well, wishes to acquire the loan in order to pay the school tuition of her only child, living with her parents in the Philippines.

Additional Information

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
  • 40
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Top Crazy Group's $900 loan helped a member to be able to send her child to school.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
Jun 6, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013