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Verdun 1 Group
In this Group: Elena , Minerva , Lenida
Verdun 1 group is composed of three Filipino women, who came to Lebanon from the Philippines to work as housekeepers for covering their families needs.
Lenida is the featured borrower of the group. She got along with the other group members to acquire a loan from Kiva's partner Al Majmoua because they have always been friends since they arrived in Lebanon.

She is a 48-year-old widow, the mother of four children whom she sacrifices her whole life for their living and provides them with the necessary life needs. Lenida applied for loan which will be sent to her kids who live with her family in the Philippines for their school needs. She is the one standing in the middle. Elena is the one wearing white, Minerva is wearing blue.

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
  • 61
    View loans »
    Lebanon Loans Fundraising
  • $14,580,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Verdun 1 Group's $1,000 loan helped a member to pay for her children's school fees.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2013
Listed
Jul 9, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014