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Rahaf Group
In this Group: Rabiha, Raghda, Rima
Rabiha is the featured borrower of Rahaf Group. She joined with the other group members to acquire a loan from Kiva's field partner Al Majmoua to improve and develop their living.

Rabiha is the lady standing at the far right side of the picture. She is a 57-year-old married mother of eight children who has been running her convenience store for four years. Rabiha used to sell olive oil and tobacco from her house, but her increasing family needs gave her a strong push towards developing her business for a better income.

She is acquiring a loan from Kiva's field partner Al Majmoua to increase her business merchandise with special summer offers that will attract customers' attention.

As for the other members, Raghda is the lady at the center and Rima is standing at the left side.

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
  • 91
    View loans »
    Lebanon Loans Fundraising
  • $16,118,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Rahaf Group's $1,800 loan helped a member to increase her business merchandise with special summer offers that will attract customers' attention.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2014
Listed
May 28, 2014
Currency Exchange Loss:
N/A
Ended:
May 17, 2015