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Balloons Group
In this Group: Rihab, Rand , Ghofran
Rihab is the featured borrower of Balloons 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 neighbors and friends. Their acquired loans are normally invested in developing their living by increasing their income.

Rihab is a 43-year-old married mother of two. She has been working at preparing and decorating special events for the last 12 years to support her beloved husband to cover their family's increasing needs, especially their children's tuition fees. With her loan, she will increase her business merchandise with special released special events themes and needs to stay up to date with her customers' requests, which will increase her income and develop her business more and more. She hopes to stay the number one in her region and expand her working sector to wider regions in the future
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Rihab is the lady standing at the center of the picture wearing red. As for the other group members, Rand is the lady standing on the far left side of the picture with a striped black and white top while Ghofran is the lady on the far right side of the picture with a brick-colored top.

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

  • $5,900
    Average annual income
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,320,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Balloons Group's $700 loan helped a member to buy more merchandise with special event themes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2014
Listed
Jun 22, 2014
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014