Bisdak Group’s story
Helen is the featured borrower of Bisdak group. She got together with the other group members to acquire a loan from Kiva’s field partner, Al Majmoua, because they have always been friends since they left their Philippine hometown to come and work in Lebanon for a better income to support their beloved ones back in the Philippines.
Helen is a 51-year-old divorced mother of eight children who is working hard as a housekeeper to cover the expenses and needs of her beloved kids and improve their living conditions. Today she is acquiring a loan from Kiva’s field partner, Al Majmoua, to pay her children’s school tuition fees. Helen is the first on the right.
With respect to the other group members, Edna is the second on the right, Sheryl is the lady in the middle, Maria Jelyn is the second on the left, and Maria Liza is the first on the left of the photo.
In this group: Maria Jelyn, Helen, Edna , Sheryl, Maria Liza
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This loan is special because:
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About Al Majmoua:
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.