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Al Wafaa Group
In this Group: Farida, Hanan, Wafaa, Elham
Wafaa is the featured borrower of Al Wafaa Group. She got together with her other group members to take this Al Majmoua loan because they have always been neighbors and friends. She is the one on the left.

Wafaa has been selling accessories for 12 years and does well in her business because she is a widow and had to take on the full responsibility of raising her four children after her husband passed away. Wafaa is a 57-year-old hard worker, well known in the region for her good quality products and special prices. She is applying for a loan from Kiva partner Al Majmoua, in order to increase her business capital with new released accessories for the coming Christmas season. She will also start selling bed sheets and blankets as an additional income source, especially before the coming winter season, to cover almost all of her family's needs.

Farida is a 50-year-old married woman, mother of three children. She has been working in recycling cardboard for seven years. She is applying for a loan from Al Majmoua to buy a special plastic grinder as an additional income business to help her husband in making their living. She is also an employee at a school in the morning. In the afternoons, she manages her own business. She is the first one from the right.

Elham is a 52-year-old married woman who has been working in decorating and selling artificial flowers for 15 years. She is requesting this loan to buy special Christmas artificial flowers to prepare for the coming Holly season. She is the second one from the left.

Hanan is a 52-year-old married woman who has been working as a tailor for 10 years. She is the mother of five children and puts so much effort into helping her husband to make a living and cover their expenses. She is applying for a loan, from Kiva's partner Al Majmoua, in order to buy a new tailoring machine that will help her a lot in producing better quality tailoring work.

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
  • 83
    View loans »
    Lebanon Loans Fundraising
  • $19,258,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Al Wafaa Group's $5,400 loan helped a member to increase her business capital with new released accessories for the coming Christmas season.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 22, 2012
Nov 20, 2012
Currency Exchange Loss:
Nov 17, 2013