Check out some available loans that are similar to this one!
Verdun 2 Group
In this Group: Rose Marie, Bethel , Shalimar , Jerlyn , Nila
Rose Marie is the featured borrower of Verdun 2 group. She joined with the other group members to acquire a loan from Kiva's field partner, Al Majmoua, because they have always been best friends since they arrived in Lebanon to work as house keepers. They wanted to improve their beloved ones' living conditions in their hometown in the Philippines.
Rose Marie is a 49-year-old divorced mother of two children. She is a Filipino citizen who is acquiring a loan to pay for her beloved children's increasing school tuition fees. Education is very important for her. That's why she is working hard as a housekeeper to cover its increasing fees to make sure that her children will benefit from a brighter future.
Rose Marie is the lady at the center of the picture. As for the other group members, Bethel is the first lady standing at the right side of the picture, Shalimar is the second lady from the right with a white top, Jerlyn is the second lady from the left with a white top, and Nila is the lady standing at the far left side of the picture, with eyeglasses.

Additional Information

More information about this loan

This loan is specifically designed for Al Majmoua's vulnerable clients, namely non-Lebanese such as Filipinos, Egyptians and Syrian and Palestinians refugees. These communities have been marginalized by the Lebanese government and society and do not enjoy the same opportunities in the work, educational, and health fields. By funding this loan, you are helping these individuals improve their businesses and provide for their families. 

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

  • $5,900
    Average annual income
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $14,855,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Verdun 2 Group's $1,900 loan helped a member to pay for her beloved children's increasing school tuition fees.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2014
Listed
Apr 18, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014