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Kabayan Group
In this Group: Larida , Leticia , Gemma , Juanita , Nelly , Daisy

Update on Kabayan Group

Larida is the featured borrower of Kabayan Group. She got along with the other group members to apply for a loan from Kiva's partner, Al Majmoua, because they are friends and consider themselves as one family, since they left the Philippines and came to Lebanon for the same reason, which is providing their families back there a good standard of living.

Larida is the third one from the right wearing purple. She is a 53-year-old divorced mother of six children who works as a housekeeper to provide them with a good standard of living and the best education.

At the same time, she is a physiotherapist, and she does this as an additional income-making business. Her acquired loan will be sent to her children to pay for their university fees and needs. She is still hoping that one day, she will open a special physiotherapy center and improve her family's social and financial living.

As for the other group members, Daisy is the one with the yellow shirt, Juanita is the one with the green shirt, Gemma is wearing an orange shirt, Nelly wearing a black shirt and Leticia is wearing a white shirt.

Previous Loan Details

Larida is the featured borrower of Kabayan Group. She got along with the other group members to apply for a loan from Kiva's partner, Al Majmoua, because they are friends and consider themselves as one family, since they left their country. They left the Philippines and came to Lebanon for the sa... More from Kabayan Group's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $19,258,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Kabayan Group's $3,600 loan helped a member to pay for her children's university fees and needs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 1, 2013
Sep 2, 2013
Currency Exchange Loss:
Feb 17, 2014