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Nano Group
In this Group: Adma, Safaa, Sahar
Nano is a group composed of three Lebanese friends who live in a village in Mount Lebanon. They decided to join hands and support each other financially by acquiring a group loan from Al Majmoua.

Sahar is the leader and featured member of the group. She is a 29 year-old married mother of three children, standing on the right of the picture. She owns a small shop where she sells accessories and toys for kids. Her husband is a sales employer. Her children are enrolled in a public school in order to provide them with an education she did not have the opportunity to complete. She decided to acquire the group loan in order to purchase merchandise for her shop and launch it.

As for the other group members, Adma is the woman standing at the center of the picture, while Safaa is the woman standing on the left of the picture.

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

  • $5,900
    Average annual income
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $14,582,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A portion of Nano Group's $1,900 loan helped a member to purchase merchandise for her shop.
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2013
Listed
Jul 7, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 6, 2013