Al Sadaka Group
Update on Al Sadaka GroupSamira is the featured borrower of Al Sadaka group. She has always been neighbors and friends with the other group members.
Samira is a 39-year-old, married mother of three children. She is a hard-working woman who started in 2009 to sell Brazilian gold and beauty cosmetics. She works from her house to manage both her business and family issues. Her husband supported her a lot at the beginning and now she is capable of managing her business and supporting her husband at the same time in covering their family's needs. Samira is applying for a loan from Kiva's partner, Al Majmoua, in order to pay for her children's school fees and to increase her business merchandise with a newly released collection. She hopes to expand her business more and more in the future and stay capable of supporting her family as much as she can. She is the lady at the center of the picture, standing in the middle.
As for the other group members, Fawziya is the lady with blond hair, and Khadija is the first from the left.
Previous Loan DetailsSamira is a 38-year-old, married woman, and the mother of three children. She is a hard-working woman. In 2009, she started selling Brazilian gold and beauty cosmetics. Samira works from her house, to manage both her business and family issues. Her husband supported her a lot at the beginning, an... More from Al Sadaka Group's previous loan »
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.
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.
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Success!! The loan was 100% repaid