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Sep 10, 2016 5:03 EST

Lebanon: Celine Group – A loan of $1,800 helps a member to increase her business merchandise with special-offer tissue and toilette papers.

iCrowdNewswire - Sep 10, 2016

Celine Group

Lebanon
 
 
Borrower image
 

Celine Group’s story

Celine is a group of three hardworking women, who are putting so much into improving their family’s livings. They decided to hold hands and acquire a loan from Kiva’s field partner Al Majmoua to develop their businesses and cover their living expenses. Rajaa is the groups featured borrower. She is a 26-year-old married mother of two, who has been running her tissue and toilette papers retail sales business for the past two years. She helps her husband, who works as a blacksmith, to cover their children’s necessary living expenses. Rajaa’s loan share will be used to increase her business merchandise with special-offer tissue and toilette papers. Rajaa is the woman at the far left side of the picture. As for the other group members, Tharwat is the woman in the center, while Najah is the woman at the far right side of the picture.

In this group: Tharwat, Najah, Rajaa
*not pictured 

This loan is special because:

It targets youth in a region where opportunity is scarce. 

Lev Plaves
Kiva staff 

More about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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.

A loan of $1,800 helps a member to increase her business merchandise with special-offer tissue and toilette papers.

Contact Information:

Celine Group

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