Sionida is the leader and featured member of this group, standing on the far right of the picture. She is a 47 year-old married mother of one child. Her husband and child are still living in the Philippine, but her husband is currently unemployed. Thus, she is the only financial provider of the family, although she lives thousands of kilometers away. She decided to join the Maya group in order to acquire the group loan with the support of her friends, and send it off to her family.
Jennifer is a 25 year-old young lady who is still single, standing on the far left of the picture. Her parents are retired which means she participates greatly in the family income. She decided to join the group and acquire a loan because her mother is in the hospital and has to pay the hospitalization fees.
Arlyn is a 36 year-old single woman, standing second to the left of the picture. Her family really depends on her salary in order to get through the month. She decided to join the Maya group because she needs the loan in order to send it off to her sister.
Shella is a 31 year-old single lady, whose parents are retired, standing second to the right of the picture. Her family needs an urgent amount of money, which is why she decided to acquire the loan and send it off to her family.
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