Severa (center in photo) is the leader of the group. She is a 55 year-old married mother of two children. Her husband is Lebanese but is currently unemployed, which means that she is the only financial provider for the family. Her family depends upon her income to cover expenses and to pay school fees.
Severa decided to contact Al Majmoua and inquire about getting a loan to settle the tuition fees of her children.
As for the other group members, Floredeliza is standing on the far left of the photo and Maricel is standing on the right.
About Al Majmoua – Lebanese Association for DevelopmentThe 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
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Success!! The loan was 100% repaid