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Ehtimad Group
In this Group: Leila, Mouna, Zahra
Leila is the featured borrower of Ehtimad Group. She got together with the other two group members to acquire a loan from Kiva partner Al Majmoua, because they have always been neighbors and friends.

Leila is a 60-year-old, married mother of three children. She has been working in preparing food at her house and selling it upon customers' requests (a catering business) for six years. She helps her husband in making their living and covering most of their children's needs. Leila is acquiring a loan, to buy necessary raw ingredients for her business development, which will help her to increase her production, and to respond easily to increasing requests. In the photo, she is the lady with red shirt.

As for the other group members, Mouna is wearing a green shirt and Zahra is the lady 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.

Tags

About Lebanon

  • $15,800
    Average annual income
  • 106
    View loans »
    Lebanon Loans Fundraising
  • $16,217,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Ehtimad Group's $3,300 loan helped a member to buy necessary raw ingredients for her catering business's growth.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2013
Listed
Sep 3, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014