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Al Malaika Group
In this Group: Thanaa, Marleine, Chris
Thanaa is the featured borrower of Al Malaika group. She joined her other group members to acquire a loan from Kiva partner, Al Majmoua, because they have always been neighbors and friends.

Thanaa is a 40-year-old married mother of two children and responsible for her family's living. She is employed in a furniture showroom where she receives a low income. She hopes that one day she can start her own business. The applied-for loan will be invested in paying her children's school tuition fees.

In the picture, Thanaa is the one wearing brown in the middle. As for the other group members, Marleine is the one at the left and Chris is the one at the right.

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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,614,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Al Malaika Group's $3,000 loan helped a member to pay her children's school fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2013
Listed
Aug 20, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014