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Dana Group
In this Group: Jinan, Dolly, Rima
Jinan is the featured borrower of Dana group. She got together with the other group members to acquire a loan from Kiva partner Al Majmoua, in order to cover their needs and satisfy their desires. Jinan and the other group members decided to put their hands together to acquire this loan, because they have always been neighbors and friends who trust each other. Jinan is a 41-year-old married mother of three children, who has been working as a makeup artist from her house for thirteen years. She is very talented in her field and well known in her region.

Jinan is acquiring a loan from Kiva partner Al Majmoua to buy newly released makeup items, especially for the coming Christmas and winter season, and to invest part of the loan into buying necessary winter needs for her family. This is Jinan's fifth loan cycle through Kiva partner Al Majmoua, her previous loans helped her a lot by increasing her business tools and items. She works hard so that, in the future, she can open her own separate beauty salon outside of her house and provide her customers with necessary privacy. She is the first lady standing on the left. As for the other group members, Dolly is in the center, and Rima is on the right.

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

  • $15,800
    Average annual income
  • 119
    View loans »
    Lebanon Loans Fundraising
  • $16,255,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Dana Group's $1,700 loan helped a member to buy newly released makeup items, especially for the coming Christmas and winter season, and to invest part of the loan into buying necessary winter needs for her family.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 17, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014