Ildesita has become close friends with the other group members since they left their hometown and came to work in Lebanon as housekeepers to provide their beloved ones a secure and healthy living.
Ildesita is a 41-year-old married mother of two children. This loan will be sent to her family to make sure that they will have the chance to celebrate Christmas time just like any normal family will do during this holy period of the year. She wishes that she could celebrate it with them this year, but unfortunately she can't. However, she is working hard to save the suitable capital to start her own business in the Philippines, and she is sure that when she is capable to take this step forward she'll be sure to take good care of both her family and business at the same time.
Ildesita is the first from the left. As for the other group members, Imelda is standing at the center of the picture with a red scarf, and Jovelyn is the first from the right.
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