Sayidat Al Najat Group
Souad is a 69-year-old widowed mother of one child whom she spent her whole life working hard to provide with the best education and living conditions.
Souad works in the mouneh business; she is specialized in preparing conserved food from one season to another to sell for her family's living.
Mouneh is a traditional way of conserving food from one season to another, it includes vine leaves, special fruit jams, and the famous Lebanese traditional "kishek," which is prepared during the summer season to be consumed during the winter season. It is a food that warms people during cold days.
Kishek is a mixture of yogurt and grit, completely mixed together and spread on a big piece of cloth on a roof top or an open space and covered with another cloth, directly exposed to sunlight to dry. Then they are ground to be conserved as powder, which is cooked with minced meat, garlic, onion and water and served as thick soup, especially during the winter season.
Souad's business needs hard work and effort, but she is an expert in it. Her loan will help her buy the requested materials to make these foods. She is the first one from the left.
Zeina is the second from the left. She is a 47-year-old married woman, the mother of three children. She owns a convenience store which is well-known in her region. Her loan will be invested in increasing her business merchandise with special summer beverages and offers.
Ayda is the one in the middle with the green scarf. She is a 45-year-old married woman, the mother of five children. She sells clothes to help her husband in making their living. The loan will be invested in buying a new summer collection.
Nisrine is the second from the right; she is a 35-year-old married woman, the mother of four children. She works as a housekeeper to help her husband in raising her family and covering their expenses.
Her requested loan will be invested in paying for her children's school fees.
Georjina is a 35-year-old married woman, the mother of two children. She sells beauty cosmetics to help her husband in their living. The requested loan will be invested in increasing her business merchandise with a special summer collection and requesting special conserved food to be consumed during the winter season.
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