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Nelly Group
In this Group: Iman, Rana, Nada
Iman is the featured borrower of Nelly Group. She got with her other group members to acquire a loan from Kiva's partner, Al Majmoua Lebanese Association for Development, because they have always been neighbors and friends.

Iman is a 52-year-old, married woman, who has been working in sewing and preparing hand-made souvenirs to help her husband in making their living and covering their two children's expenses.

Her acquired loan will be invested in buying a special, updated sewing machine that will make part of her work easier and faster. In the photo, she is on the right, with a veil covering part of her face.

As for the other members, Nada is a 50-year-old, married mother of three children. She works as a tailor and her applied for loan will be invested in covering some unexpected, urgent family needs. She is the one standing in the center of the picture.

And Rana is a 44-year-old, widowed mother of two. She works as a tailor too. Her applied for loan will be invested in paying her deceased husband's financial dues. She is the one wearing black, at 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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nelly Group's $1,800 loan helped a member to buy a special, updated sewing machine.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 16, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014