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.
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