Aylin is a 49-year-old married mother of three children, who works as a housekeeper for a Lebanese family. She is the lady standing second to the right in the picture. Her husband and children live back in the Philippines. She wished to acquire the Al Majmoua loan in order to help her husband with the enrollment fees of their children.
Evangelyn is a 29-year-old single lady, standing on the far right of the picture and working as a housekeeper for a Lebanese family. She joined the Blue-S group in order to help her family back in the Philippines with the high university tuition fees of her niece.
Percy is a 39-year-old married mother, standing in the middle of the picture. She works in a retail store and sells clothes. Her husband and two children are Lebanese. Her husband is a low-income employee. She needs the Al Majmoua loan in order to help with the heavy expenses of her family.
Angelie is a 40-year-old single lady, standing on the far left of the picture. She works as a housekeeper for a Lebanese family as well. Just like Evangelyn, Angelie wished to acquire the Al Majmoua loan in order to help her family back in the Philippines with the university tuition fees of her niece.
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