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Al Nahda Group
In this Group: Insaf , Mayyasa, Hiba
Insaf is a 62-year-old married mother of three and the featured borrower from the Al Nahda group. She is sitting at the far left side of the picture, Mayyasa is the lady in the center and Hiba is the lady on the right. Insaf is acquiring a loan with other group members from Kiva partner Al Majmoua because they have always been neighbours and friends.

Insaf has been working in the embroidery business and as a straw artisan for 10 years. Her business is an important source of income for her family. That's why she puts so much effort into developing it, which has resulted in the acquired loan. She will invest her loan in increasing her business merchandise with special embroidery, which is newly released and needed to expand her production and attract new customers.

She will also use part of the loan for maintenance at her house to keep it a healthy living environment. She hopes to stay in good health and able to respond to different customer needs.

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

  • $15,800
    Average annual income
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Al Nahda Group's $3,000 loan helped a member to increase her business merchandise with special embroidery, newly released and needed to expand her production and attract new customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2014
Listed
Jan 28, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015