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Al Waed Al Sadek Group
In this Group: Zalloukh, Faten, Samira, Jihan
Zalloukh is a 25-year-old married mother of three children. She is the featured borrower of “Al Waed Al Sadek” group. She got together 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 left their hometown in Syria after the existing war started. They are all working hard to develop their living and their acquired loan will be invested in a well-managed way to cover their needs.

Her husband’s income isn’t enough to cover their family’s needs and that’s why she started a year ago providing cleaning services to help cover their family’s increasing needs. Her acquired loan will be invested in buying a small piece of land, on which she will invest in a new business. She hopes to go back to Syria one day and hopes soon they can have peace.

She is the first lady on the right with a blue top. As for the other group members, Faten is the first lady at the far left side of the picture with a black top, Samira is the second from the left with a white top, and Jihan is the second from the right with a beige top. Thay are all Syrian citizens who left their hometown for a better life.

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

  • $15,800
    Average annual income
  • 118
    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 Al Waed Al Sadek Group's $3,600 loan helped a member to buy a small piece of land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2014
Listed
May 8, 2014
Currency Exchange Loss:
N/A
Ended:
May 17, 2015