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Al Azkiyaa Group
In this Group: Yasmine, Jamila , Jamal
Yasmine is the featured borrower of Al Azkiyaa group. She joined with the other group members to acquire a loan from Kiva's partner Al Majmoua, because they have always been neighbors and friends.

Yasmine is pictured on the left wearing blue. She is a 49-year-old single woman who has been working selling clothes for six years. She is acquiring a loan to increase her business merchandise with autumn and winter collections, and in addition to buy necessary Mouneh and diesel for heating during the hard winter season.

She hopes to keep on developing her business and stay in good health to provide better for her three family members, who she is responsible for taking care of.

As for the other group members, Jamila is standing in the middle with the dark blue shirt, and Jamal is the lady at the far right of the picture, wearing pink.

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
  • 99
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Al Azkiyaa Group's $3,300 loan helped a member to increase her business merchandise with autumn and winter collections, and in addition to buy necessary Mouneh and diesel for heating during the hard winter season.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 20, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014