Al Samraa Group
Fatima. the leader and featured member of Al Samraa group, is a 34-year-old married mother of two children; she is shown on the far right in the picture. Fatima owns a small business that sells facial creams, while her husband works in a small communication engineering shop (mobile phone maintenance and shop, etc.). They both earn barely enough to cover their own expenses, which is a great obstacle in their desire to provide a good education for their children. In fact, their very low incomes forced their children to drop out of school. Fatima and her husband are waiting for their economic situation to improve in order to enroll their children in school again. She decided to request the loan because she needs to purchase merchandise for her business in order to expand the range of products she offers.
Mona, a 28-year-old married mother of two children, is shown on the far left in the picture. She owns a hairdressing salon, while her husband is a taxi driver. Both her children are enrolled in a private school although they can barely pay for their tuition fees and their monthly expenses. Mona decided to join the Al Samraa group because her sister's wedding is coming up, and she has no means of buying a dress for that cherished event.
Seated second from the right in the picture is Nohad, a 40-year-old married mother of three children. Nohad owns a small business that sells Lebanese pastry, while her husband has his own winch. Their low income status does not allow them to lead a healthy life with their children. Nohad wishes to purchase an oven, and a mobile phone for her daughter, which is why she decided to request the loan.
Najah, a 32-year-old married mother of four children and seated second to the left in the picture, works in a small computer shop where her husband is also an employee. Their combined revenue does not cover their monthly expenses, and her children are not currently enrolled in school, awaiting an improvement of their parents' financial situation to improve before they go back. Najah needs the loan in order to start selling beauty creams and cosmetics for additional income.
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