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Hanane Group
In this Group: Hanan, Hanaa, Abir
Hanan is the featured borrower of Hanane’s group. She got together with the other group members to acquire a loan from Kiva partner Al Majmoua to improve their living standard and to solve their financial problems.

Hanan is a 35-year-old married mother of two children. She works in making handmade souvenirs for special occasions to help her husband in making their living and covering their family’s increasing needs. She has also been working for two years as a sales representative in a company where she sells plastic Tupperware to her neighbors, relatives and friends.

Hanan is acquiring a loan from Kiva partner Al Majmoua to make necessary maintenance to her house in order to keep it a healthy living place for her children before the coming autumn and winter seasons. Hanan is the lady sitting at the far right side of the picture. Hanaa is the first from the left with the green top and Abir is the lady in black.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

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
Expired
A portion of Hanane Group's $2,700 loan helped a member to make necessary maintenance to her house in order to keep it a healthy living place.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Oct 1, 2013
Currency Exchange Loss:
N/A
Expired:
Oct 31, 2013