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Al Waed 50467 Group
In this Group: Hanadi, Nahida, Ghaniya, Jahida, Dalal
Hanadi is the featured borrower of Al Waed 50467 group. She got along with the other group members to acquire a loan from Kiva partner Al Majmoua, because they have always been neighbors and friends.

Hanadi is a 29-year-old married mother of two children who has been working in selling clothes from her house for five years to assist her husband in their living and take good care of her beloved children.

Today Hanadi's acquired loan will be invested in increasing her business merchandise with a special spring and summer collection with special offer prices.

Hanadi is working hard to increase her business capital and open her own clothes selling shop in the future.

Hanadi is the first lady sitting at the right side of the picture. As for the other group members, Nahida is the second from the right, Ghaniya is the lady at the center, Jahida is the second from the left and Dalal is the first from the left.

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
  • 87
    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 Waed 50467 Group's $5,800 loan helped a member to increase her business merchandise with a special spring and summer collection with special offer prices.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2014
Listed
Feb 19, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015