Al Wafa Group
Labibeh is a 20-year-old married mother of one child. She works in raising and selling sheep for a living, and she supports her husband in covering their family expenses. She is working hard to develop her business, but most of her income is spent on their daily needs, and she doesn't have enough money to expand the business. Therefore she has acquired a loan from Kiva's field partner, Al Majmoua, to buy more sheep in order to increase her income and earn a better living.
Labibeh is the first lady on the far right of the picture. The other group members are Nour El Huda (second from the right), Itidal (first on the left) and Wafaa (second from the left).
About Al Majmoua – Lebanese Association for DevelopmentThe 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
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This loan has been fully funded!