
I am here again to express my high respect for Al Majmoua who supported me with her kind services having my bakery expanded which I am operating since 2001. I …
Food
Lebanon
Loan amount €1,500
Funded 98%
by 9 members
Disbursement date: 03/01/2015
Final repayment of the loan: 06/01/2016
MicroWorld's investors have funded: | €1,500 |
Ahlam - Purchase materials
Borrower
Loan Request
Borrower's quote
I am here again to express my high respect for Al Majmoua who supported me with her kind services having my bakery expanded which I am operating since 2001. I am acquiring this loan to purchase many tools such us display case for the pastries and some necessary raw materials. My husband is the main supporter in this activity in order to fulfill our family needs’. My dream is to continue running my business, eventually expanding it and generating greater resources in order to have a better quality of life.
Economic and social context
Lebanon
Population | 4 223 553 |
GNI per capita | 7 970 USD |
Economic Growth | 8,00% |
Poverty rate (less than 2 USD/ day) | No data |
Unemployment rate | 8,1% |
Literacy rate (above 15 years of age) | 90% |
Life expectancy | 72 years |
MFI Status
- Partnership status: Confirmed
- Credit score:
- Time on MicroWorld: 127 months
- Repayment rate: 90.66%
Rates and transparency
- This loan does not pay any interest to the lender.
- Following your loan commitment, you have 7 calendar days to assert your right of withdrawal, by mail at contact@microworld.org.
- 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 beneficiaries have been well informed about the risks of over-indebtedness and the consequences of payment default.
- 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.
The MFI
Al Majmoua
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.
Legal Status | NGO |
Number of Borrowers | 48,708 |
Portfolio Size | $41,395,838 |
PAR (Portfolio at Risk) | 0.72% |
R.O.A (Return on Assets) | 10.59% |
Active clients | Figures |
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 |