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Raed Group
In this Group: Nada, Yasmine, Rola
Yasmine is the featured representative of the Raed group. She and the other members are best friends, which made them get together to acquire a loan from Kiva’s field partner Al Majmoua.

Yasmine is a 34-year-old married mother of one whose husband is a carpenter. She has a university degree and has worked as a teacher for five years while also giving private tutoring lessons from her home. Yasmine is always thinking about ways to improve and grow her tutoring business, so she acquired a loan to renovate a room in her house in order to provide her students with a more productive learning environment. In the future she hopes to one day be able to afford to grow her business through establishing an education center. Yasmine is the lovely lady standing on the right. Nada is on the left and Rola is in the middle.

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.

About Lebanon

  • $5,900
    Average annual income
  • 49
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A portion of Raed Group's $1,900 loan helped a member to renovate a room in her house to provide her students with a more productive learning environment.
80% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2014
Listed
Jun 29, 2014
Currency Exchange Loss:
N/A