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Al Asdikaa1 Group
In this Group: Amal, Najah, Layla
Amal is the featured representative of the Al Asdikaa1 group. She got along with the other group members to acquire a loan from Kiva's field partner, Al Majmoua, because they have always been loyal friends, and they decided to put hands together to develop their family's living.

Amal is a 51-year-married mother of five, she works selling used clothes since four years ago, but she established her own business a year ago. Her husband works selling clothes too, but his business is mobile since he moves from one place to another to sell his merchandise.

Amal is acquiring a loan from Kiva’s field partner, Al Majmoua, to increase her current inventory of merchandise with a special summer collection, which will provide her growth and expansion in the future. Amal is the lady sitting in the middle, Najah is at the left side of the picture and Layla is at the right side of the picture.

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

  • $15,800
    Average annual income
  • 102
    View loans »
    Lebanon Loans Fundraising
  • $16,166,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Al Asdikaa1 Group's $1,900 loan helped a member to increase her current inventory of merchandise with a special summer collection.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 2, 2014
Listed
Jul 6, 2014
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2015