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Dar Al Hanan Group
In this Group: Dania, Lina, Haifa
Dania is the featured borrower of the Dar Al Hanan group. She came to acquire a loan with the other group members from Kiva partner, Al Majmoua, because they have always been family and friends.

Dania is a 25-year-old single lady who works as a tutor to make her living and cover her needs as well as her family's needs. She is acquiring a loan from Kiva partner, Al Majmoua, to provide her family with the necessary diesel fuel to warm up during the coming winter season.

She is very happy that she is able to support her family in any way, and she hopes that she will stay capable of doing so. She is the first lady from the right side of the picture wearing a veil covering her head and a long beige jacket.

As for the other group members, Lina is the lady at the center of the picture with a light pink jacket, and Haifa is the first on the left, wearing a black top.

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

  • $5,900
    Average annual income
  • 72
    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 Dar Al Hanan Group's $1,900 loan helped a member to provide her family with the necessary diesel fuel to warm up during the coming winter season.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014