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Amigo Group
In this Group: Richard , Doroteo , Emiego Jr
The group Amigo is composed of three Filipino men who have been friends ever since they came to Lebanon. They all work as housekeepers in Lebanese hotels. Richard is the group leader and the featured member standing on the far left of the picture. He is a 39-year-old married father, whose family is still living in the Philippines. His wife is unemployed, which makes him the main and only financial provider of the family. He established the Amigo group to acquire a loan from Al Majmoua, which would enable him to settle the school tuition fees of his children back in his home country.

Doroteo is the man sitting in the middle of the picture. He is a 51-year-old married father as well. He wished to acquire a loan from Al Majmoua in order to send the money to his family back in the Philippines.

Emiego Jr is the man sitting at the right of the picture. He is a 35-year-old man, married and has children who live in the Philippines. He also wished to acquire the Al Majmoua loan because his wife is unemployed and cannot provide enough financial resources for the family.

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

  • $5,900
    Average annual income
  • 69
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Amigo Group's $1,200 loan helped a member to settle the school tuition fees of his children back in his home country.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013