Nagham is an artist who paints and sells her paintings, and she gives painting lessons for young children. Painting has always been her passion, which is why she would like to enhance her business. Her husband is a guard at the customs, and one of her children is enrolled in a private school. This means that their combined revenue is not sufficient to provide a healthy life for their household, especially since they have to cover the schooling tuition fees.
Nagham decided to establish the group because she would like to purchase drawing materials for her students, increasing their number, and to prepare for the exhibition she is working on.
As for the other group members, Brigitte is wearing a pink t-shirt, Rana is wearing a green shirt, and Rifa is wearing a white shirt with pink pants.
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
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.
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