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Al Loaloaa 2 Group
In this Group: Randa, Joumana, Ettihad
Randa is the featured borrower of the Al Loaloaa 2 group. She joined the other group members to acquire a loan from Kiva's partner, Al Majmoua, because they have always been neighbors and friends.

For 25 years, Randa has worked doing embroidery from her house. She is very talented in her domain with a very good reputation in her region. Randa is a 54-year-old single lady, who puts a lot of effort into developing her business and improving her living conditions. She is the lady wearing the black shirt.

Her loan will be invested in buying special threads from the newly released collection and other requested items needed to develop her business.

As for the other group members, Ettihad is the lady with blue shirt and Joumana is wearing white and is standing in the middle.

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
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Al Loaloaa 2 Group's $1,800 loan helped a member to buy special threads needed to develop her business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2013
Listed
Sep 3, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014