Marie Belle Group
Bassima is a 37-year-old married mother of three children who has been working as a tailor for seven years. Her acquired loan will be invested in re-starting her business, as it will enable her to buy a special updated tailoring machine. This will help her in responding quickly and professionally to her customers, who are very anxious to support her during her comeback. She will work hard on helping her beloved husband in improving their family's socioeconomic situation, since she stopped working for a while to take good care of her children. She'll start her business again from her house since she is not ready to open a separate shop outside her house.
Bassima is the first lady on the left. As for the other group members, Naziha is on the right with a pink top and Marcel is at the center.
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
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Success!! The loan was 100% repaid