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Al Saiid Group
In this Group: Amira , Jina, Samira, Hanine
Amira is the featured borrower of Al Saiid Group. She is the second from the left. She came together with the other group members to acquire a loan from Kiva's partner Al Majmoua, because they have always been neighbors and friends.

She is a 56-year-old married mother of two children. She works in preparing and selling Mouneh (preserving food for future use) which is a highly requested service in her region. She is a hard worker with excellent experience in her domain, as she has twelve years in preserving food and preparing distilled flavored water.

Amira applied for a loan that will be invested in buying the present season's products to be preserved for the coming seasons. She will also use part of her loan for her son's wedding preparations.

As for the other group members, Jina is the second from the right, Samira is the one wearing a yellow top, and Hanine is the first on the left.

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
  • 90
    View loans »
    Lebanon Loans Fundraising
  • $15,072,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Al Saiid Group's $3,900 loan helped a member to buy this season's produce to be preserved for the coming seasons.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jul 13, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014