As a refugee living in Lebanon, I am working hard to provide my family members with a decent living. I have been working in selling plumbing spare parts for th…
Loan amount €2,840
by 29 members
Disbursement date: 03/01/2017
Final repayment of the loan: 03/01/2018
|MicroWorld's investors have funded:||€2,840|
Mahmoud - Purchase materials
As a refugee living in Lebanon, I am working hard to provide my family members with a decent living. I have been working in selling plumbing spare parts for the past eight years, putting so much effort on increasing my business capital and diversifying my merchandise so that my customers can find everything they might need in one place. Through this loan I will make sure to purchase new released paints as an additional income business, hoping that one day I can manage having a retail business selling construction materials.
Economic and social context
|Population||4 223 553|
|GNI per capita||7 970 USD|
|Poverty rate (less than 2 USD/ day)||No data|
|Literacy rate (above 15 years of age)||90%|
|Life expectancy||72 years|
Rates and transparency
- This loan is at 0% and does not pay any interest to the lender.
- The MFI will reimburse the lender in case of default of the entrepreneur but there is no guarantee or insurance given by the MFI.
- 100% of the money collected is sent to the MFI, even if the project is not fully funded on the site.
- The MFI then makes a loan to the micro-entrepreneur and charges an interest rate in order to cover its operational and financial costs.
- The platform earns a commission from the MFI for the service it provides, which helps to fund its running costs.
- More effective than a simple donation, micro-credit promotes long-term sustainable economic development rather than short term help.
- Read the model of loan agreement
Al Majmoua, the Lebanese Association for Development is an independent, non-profit Lebanese NGO.
Al Majmoua, which means "The Group" in Arabic, was established in 1998 as a microfinance program for women with low incomes, initiated by the US organisation Save The Children. Currently, Al Majmoua offers group, individual loans, and free non-financial services for business development, product improvement, marketing, networking, and personal development to its borrowers and non-borrowers.
|Number of Borrowers||48,708|
|PAR (Portfolio at Risk)||0.72%|
|R.O.A (Return on Assets)||10.59%|
|Percent of women||55%|
|Percent of youth||32%|
|Percent of non-Lebanese||16%|
|People located in rural area||43%|
|Average amount / GDP per capita (Accessibility for the poorest)||85%|
|Percentage of women borrowers (women's economic empowerment)||43%|
|Savings accounts opened by customers||No (due to legal status)|
|Guarantees required to access a loan||Third party deposit|
|Loans for social purposes||Housing, post-conflicts reconstruction|