Bil Bil Group
Lovelita is a 46 year-old widowed mother of three children, standing second from the right of the picture. Her status as a widow is a great burden on her children because her children depend entirely on her revenue to be able to survive. The fact that she lives abroad also does not help to improve the situation, since her children are left under the custody of her retired parents. The Al Majmoua loan would truly help her providing her children with the financial care they need. In fact, she would be paying the schooling expenses of her children.
Liberty is a 41 year-old divorced mother of four children, standing on the far left of the picture. Her four children live back in the Philippines with her retired parents. She needs the Al Majmoua loan in order to pay the schooling expenses.
Julieta is a 50 year-old single mother of two children, standing on the far right of the picture. She is the only financial provider of her family. The Al Majmoua loan would truly help her with the schooling expenses of her children.
Jesusa is a 53 year-old married mother of three children. Her husband is currently unemployed, which makes her the only financial supporter of the family. She needs the Al Majmoua loan in order to send it to her husband who would take care of the schooling expenses.
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