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Maykarn Group
In this Group: Roselyne , Maryann , Rosalyn , Durinan
Maykarn is a group composed of four Filipino ladies, who work as housekeepers for Lebanese families. They decided to form the Maykarn group in order to mutually support each other financially. Maryann is the leader and featured member of the group. She is a 44-year-old single mother of four children, standing on the far left of the picture. Her four children live in the Philippines. Their only financial resource is their mother, since their father does not participate in the family resourcing. She decided to join the Maykarn group in order to acquire a group loan from Al Majmoua. In fact, this loan would really help her to support her family back in the Philippines.

Roselyn is a 36-year-old single lady, wearing green in the picture. Her dire situation motivated her to join the Maykarn group and acquire a group loan in order to financially support her family back in the Philippines.

Durinan is a 34-year-old single lady, wearing white in the picture. Just like her friend Roselyn, she is need of the Al Majmoua loan because she needs to financially provide for her family.

Rosalyn is a 32-year-old lady, standing on the far right of the picture. She decided to join the Maykarn group and acquire a group loan from Al Majmoua because she needs to transfer it urgently 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.

About Lebanon

  • $15,800
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Maykarn Group's $2,200 loan helped a member to support her family back in the Philippines.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013