It's been six years since i started my own clothes selling business, to support my husband in covering our family's increasing daily living needs and expenses. …
Loan amount €2,360
by 10 members
Disbursement date: 04/01/2017
Final repayment of the loan: 07/01/2018
|MicroWorld's investors have funded:||€2,360|
Hilana - Purchase garments
It's been six years since i started my own clothes selling business, to support my husband in covering our family's increasing daily living needs and expenses. I work hard to buy special offer item to increase my net profit, and increase my business capital. Through this loan, i will buy special Summer collection with a very competitive price, so that i can manage setting reasonable attracting prices during the next summer. I will work hard to expand and develop my business so that i can move to a wider place in the future.
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|