Al-Waseem 14183 Group
Sawsan is the leader and featured member of the group. She is a 34-year-old married mother of two children, wearing red in the picture. She owns a small beauty business, where she does makeup for a living. Her husband works as a blacksmith. Their combined revenue is not sufficient to provide a better life for their children, especially since their children are both enrolled in a private school. The highest education Sawsan ever acquired was intermediate, which means that she wants the best alternative for her children. She needs the Al Majmoua loan in order to settle tuition fees, and purchase merchandise and products for her business.
Hiyam is a 40-year-old married mother of three children, wearing brown in the picture. She owns a small business where she assembles flowers and sells them. Her husband is an employee in the army. Her three kids are enrolled in private schools, which means that she has to settle the tuition expenses on top of the other expenses. She needs the Al Majmoua loan in order to pay off the next tuition fees, and to buy a work kit.
Rabab is a 32-year-old married mother of two children, standing on the far left of the picture. For a living, she works in handmade beads and piece work. Her husband is an employee in the ministry of tourism. Both her children are enrolled in private schools. She needed the Al Majmoua loan in order to settle tuition fees expenses and to purchase materials for her handmade work.
Nagham is a 28-year-old single lady, standing on the far right of the picture. She is employed in a company that employs housekeepers. She decided to join the group and acquire a loan because she needs to prepare for her engagement ceremony, which is taking place soon.
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