RSS Newsfeeds

See all RSS Newsfeeds

Global Regions

Asia ( XML Feed )
Global Regions ( XML Feed )

Mar 15, 2016 7:03 AM ET

Archived: Al Hanine 88227 Group: A portion of Al Hanine 88227 Group’s $1,300 loan helps a member to pay for a surgery she has to undergo in her eye.

iCrowdNewswire - Mar 15, 2016

Al Hanine 88227 Group

Jib Jennine, Lebanon Health | Personal Medical Expenses
Al Hanine 88227 Group
In this Group: Samira, Hanin, Houeida
Houeida is 28, she is single, and works since March 2014 in a convenience store, to make her living. She is the lady at the far right side of the picture.
Her limited monthly salary is barely enough to cover her daily living needs. She decided to acquire a Group loan from Kiva’s field partner Al Majmoua, accompanied by Samira the lady at the center of the picture, and Hanin at the far left side, who’s acquired group loan will be invested in developing their social and financial living.
Houeida’s loan share from Al Hanine 88227 group loan will be invested in paying for a surgery she has to undergo in her eye.

Additional Information

More information about this loan

This loan product is part of Al Majmoua’s efforts to help people in Lebanon who have medical expenses they can’t afford. Many Lebanese face challenges in covering health-related expenses, due to the relative high cost of medical care compared to household income in the country. With this product, borrowers can use their loan to cover any costs related to medical treatment or health care, whether for themselves or for a family member. By supporting this loan, you are helping people in Lebanon meet their health care needs.

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.

Contact Information:

Al Hanine 88227 Group

View Related News >