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Al Ahibaa Group
In this Group: Saydeh, Nelly, Rania
Saydeh is the featured borrower of A Ahibaa group. She joined the other group members to acquire a loan from Kiva’s partner Al Majmoua because they have always been neighbors and friends. They want to develop their careers and work hard to invest their loan in a well managed way.

Saydeh is a 60-year-old divorced mother of five children. She works hard to provide them with a good standard of living. She has been a tutor at her house for two years, and she puts a lot of effort into developing her business.

Her loan will purchase a new blackboard, chalk, markers and flip charts which will make teaching more exciting and interactive for her students.

She hopes that one day she can establish a tutoring center outside her house and accept more students. Saydeh is the lady sitting in the middle wearing eyeglasses. As for the other members, Nelly is the first from the right with red robe, and Rania is the first from the left with black jacket.

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
  • 43
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Al Ahibaa Group's $2,800 loan helped a member to buy a new blackboard, chalk, markers and flip charts, to make teaching more exciting and interactive to her students.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2014
Listed
May 3, 2014
Currency Exchange Loss:
N/A
Ended:
May 17, 2015