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Aspeed Group
In this Group: Eufronio , Ruel , Joel Kennith
The featured borrower of Aspeed Group, Eufronio, along with his other group members, is requesting a loan from Kiva partner Al Majmoua. They have been friends since they arrived to work in Lebanon in order to better support their families.

Eufronio is a 52-year-old married father of six children who works as a chef in a restaurant to provide his family with a better income. Pictured on the far left, he will use his loan portion to help pay for his children's university tuition fees back in The Philippines.

The other group members, Ruel and Joel, are pictured in the middle and the right respectively.

Additional Information

About Al Majmoua – Lebanese Association for Development

The 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.

About Lebanon

  • $15,800
    Average annual income
  • 30
    View loans »
    Lebanon Loans Fundraising
  • $19,522,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Aspeed Group's $900 loan helped a member pay for his children's university fees in The Philippines.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 20, 2013
Jul 22, 2013
Currency Exchange Loss:
Jan 17, 2014