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Ashwak Group
In this Group: Hana, Joulia, Najwa, Ihssan, Mona , Hindiyeh, Widad
This group's name is Aswak; it is made of seven ladies who are living in Aley Mount Lebanon.

Hana is a 45 year old married woman who has three children. Hana has been working as a private teacher for three years. She has requested a loan of 300 US dollars from Al Majmoua in order to purchase books and school supplies. This is the first time that Hana has requested a loan. Hana is special in her work because she is patient with children and knows how to make deals with them. Her students are children from her neighborhood. She decided on doing this business because she wanted to supplement her family’s income.

Joulia is a 54 year old woman. Joulia has been working as a seamstress for twenty years. She has requested a loan of 300 US dollars from Al Majmoua in order to purchase thread for her work. This is the first time that Joulia has requested a loan. Joulia is special in her work because she does it well and has done it since she was a child, and she is also known for her sewing and good work. Her clients are her friends, neighbors and others. When she first started her business, she had difficulty finding clients because she wasn’t known yet for her good and clean work. She decided on doing this work because she always wanted to work and she likes sewing. In the future, she plans on expanding her business.

Najwa is a 37 year old married woman who has two children. Najwa has been working as a seamstress for five years. She has requested a loan of 300 US dollars from Al Majmoua in order to purchase thread and materials for her sewing. This is the first time that Najwa has requested a loan. Najwa is special in her work because has experience and is known of her good work and creativity. Her clients are her friends and neighbors. When Najwa first started her business, she had difficulty building networking. She decided to do this work because she has done it since she was young. In the future, she plans on expanding her work.

Ihssan is a 51 year old married woman. Ihssan has owned a grocery store for three years. She has requested a loan of 300 US dollars from Al Majmoua in order to purchase merchandise for her store. This is the first time that Ihssan has requested a loan. Ihssan is special in her work because she is known in her region and she knows how to please her clients, and she has competitive prices. Her clients are her friends and neighbors. Ihssan decided to do this business because she wanted to supplement her family’s income. In the future, she plans on expanding her store.

Mona is a 50 year old married woman who has three children. Mona has been producing natural food products for ten years in Lebanon. She sells grenadine, vine leaves and other natural products. She has requested a loan of 300 US dollars from Al Majmoua in order to purchase raw materials and special products for her production. This is the first time that Mona has requested a loan. Mona is special because she is good in her production. Her clients are her friends and neighbors. Mona decided to do this business because she always liked making these items. In the future, she plans on expanding her business.

Hindiyeh is a 38 year old married woman who has three children. Hindiyeh has been working as a private teacher for seven years. She has requested a loan of 300 US dollars from Al Majmoua in order to purchase school supplies. This is the first time that Hindiyeh has requested a loan. Hindiyeh is special in her work because she likes children and knows how to make lessons interesting and easier for her students. Her students are usually her neighbors and children of her friends. She decided to do this business because she always wanted to teach.

Widad is a 42 year old married woman who has a child. Widad has been working as a private teacher for ten years. She has requested a loan of 300 US dollars from Al Majmoua in order to purchase school supplies. This is the first time that Widad has requested a loan. Widad is special in her work because she knows how to teach children and make them like their lessons. Her students are usually from her neighborhood. Widad decided to do this business because she always wanted to teach. In the future, she plans on continuing her studies in order for her to become a teacher.

About Group Loans:
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

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
  • 67
    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 Ashwak Group's $2,100 loan helped a member this loan will assist these women in building their businesses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2009
Listed
Mar 2, 2009
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2009