Check out some available loans that are similar to this one!
Friends Group
In this Group: Lorna, Gretchen , Arlene
Friends is a group composed of three Filipino ladies who have been friends since they arrived to Beirut. They decided to join hands and support each other financially for business purposes.

Lorna is the leader and featured member of the group. She is a 32-year-old married mother of two children, standing on the far left of the picture. She owns a small business where she sells and trades purses on the network of "Whatsapp." Her husband is Lebanese and is currently unemployed. She needs the loan in order to purchase merchandise (bags, shoes, etc.) to enhance her business. She is planning to open her own shop in the future, but at this time, she can’t afford such financial expenses.

As for the other group members, Gretchen is standing at the center of the picture, while Arlene is standing on the far right 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
  • 48
    View loans »
    Lebanon Loans Fundraising
  • $14,755,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Friends Group's $900 loan helped a member to purchase merchandise (bags, shoes, etc.) to enhance her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014