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Nida Group
In this Group: Nida , Deveniel , Akinha , Evelyn , Sara Jane
Nida is a group composed of five Filipino ladies wishing to acquire a loan from Al Majmoua. They all work as housekeepers for Lebanese families and decided to join hands and establish the group because they all truly need support with their financial expenses. Nida is the group leader, and featured member of the group. She is the lady sitting in the center of the picture. She is a 44 year-old single mother. She has five children that are all under 18, and they live with her retired parents back in the Philippines. She is the only financial provider of the family since the childrens' father does not acknowledge the family anymore. The fact that she has a very low income makes it impossible for her to be able to rightfully provide for her children, or even cover her own expenses. The Al Majmoua loan would at least allow her to cover the schooling tuition fees of her five children.
Deveniel is a 31 year-old single mother as well. She is the woman sitting second to the left of the picture. She has a son who lives with her parents back in Philippine. She needs the Al Majmoua loan in order to send the money to her son to cover some of his expenses.
Akiniha is a 53 year-old single lady, sitting second to the right of the picture. She joined the Nidad group because she needs the Al Majmoua loan to transfer it to her family back in the Philippines for an emergency.
Evelyn is 46 year-old single lady as well, sitting in the far left of the picture. She wishes to acquire the Al Majmoua loan in order to help her family and her retired parents back in the Philippines.
Sara Jane is a 24 year-old young single lady, sitting on the far right of the picture. She needs the Al Majmoua loan to send the money to her family 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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,241,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nida Group's $2,600 loan helped a member to cover the schooling tuition fees of her five children.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
Jun 11, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013