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Bioche Group
In this Group: Judy Ancheta , Analiza, Arsenia
Arsenia is the featured borrower of Bioche 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 friends since they left their home town in the Philippines to work as housekeepers in Lebanon.

Arsenia is a 30-year-old married mother of two, who works hard to support her family in the Philippines. Her acquired loan will be invested in sending the money to her family back in the Philippines, to cover their increasing living expenses.

Arsenia is the first lady at the far right side of the picture. As for the other group members, Judy Ancheta is the lady in the center of the picture, while Analiza is the first on the left.

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

  • $5,900
    Average annual income
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Bioche Group's $1,200 loan helped a member to send money to her family back in the Philippines to cover their increasing living expenses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 16, 2014
Listed
Jul 19, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015