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Al Malak Group
In this Group: Faten , Ola , Oussama
Faten is the featured borrower of Al Malak group. She got together with her other group members to acquire a loan from Kiva’s partner Al Majmoua, because they have always been neighbors and friends. She is the one wearing grey at left.


Faten is a 46-year-old married mother of one child. She has been working by preparing and selling handmade souvenirs since four years ago. Faten is very talented in her domain and well-known in her region. She is applying for a loan from Kiva’s partner Al Majmoua to buy necessary handmade-souvenir needs such as threads, beads and many other new-release items. She will also use part of the loan to change her living room curtains to keep in a good situation since she expects most of her customers at home.


Faten is a hard worker; she also owns a small convenience store, which is necessary to have and manage well since it provides her family with a daily income.


As for the other borrowers, Ola is the one standing at the left wearing purple and Oussama is the one standing in the middle.

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
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Al Malak Group's $1,700 loan helped a member to buy necessary handmade-souvenir needs such as threads, beads and many other new-release items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014