Manwa is a 48-year-old married woman and the mother of three children. She has been working in handcrafts and souvenir making and sales since six years ago. She is a hard worker and talented in her domain. The loan being applied for will be invested in increasing her business capital to increase her handmade collection. She is the first from the right in the photo.
Houda is the first from the left. She is a 48-year-old married woman and a mother of three children who has been working as a tailor since two years ago. She is well known in her region with her special talent in her domain. Houda's requested loan will be invested in renewing her home's furniture to keep her customers and family pleased with what they have.
Rima is the second from the right. She is a 22-year-old single woman who has worked as a tutor since three years ago. The loan being applied for will be invested in paying for her wedding needs. She is so excited about it.
Roula is 29 years old and is employed in a hospital. The loan being applied for will be invested in paying school fees.
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