Al Sadek Group
Zeinab is a 54-year-old married woman and mother of five children. She has been working as a tailor for 17 years in order to help her husband in making a living and covering their expenses.
Zeinab is applying for this loan from Kiva's Partner Al Majmoua, in order to buy necessary fabrics, threads and scissors. This loan will help her a lot in expanding her business and increasing her income. She is specializes in making curtains and couches covers, in addition to clothes-making.
Zeinab's customers trust her talents and recommend her to others. She is the one at the left in the picture.
Siham is a 48-year-old married woman and mother of one child. She has been working in agriculture for 15 years and is applying for this loan to buy a bedroom to make sure that she is satisfying her family's needs and making sure they have a healthy living space. She is the one pictured on the right.
Kahla is a 39-year-old married woman and mother of two children. She has been working in agriculture for 20 years to support her family's living. Through this loan, she will be able to make new curtains for her house and ensure that her family will be happy having a beautiful and healthy house in which to live.
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
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.
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Success!! The loan was 100% repaid