
I am Fadia, a widowed mother of three children. I became the sole provider of my family after the loss of my beloved husband. I run my own sewing and food produ…
Services
Lebanon
Loan amount €1,340
Funded 100%
by 13 members
Disbursement date: 11/01/2019
Final repayment of the loan: 02/01/2021
MicroWorld's investors have funded: | €1,340 |
Fadia - Purchase fabric
Borrower
Loan Request
Borrower's quote
I am Fadia, a widowed mother of three children. I became the sole provider of my family after the loss of my beloved husband. I run my own sewing and food production business so I can benefit from two sources of income. I am acquiring this loan to buy some needed textiles for my sewing business and to buy some raw material goods for my food production business. I hope to improve my business and to be able to attract more customers to increase my income.
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: 110 months
- Repayment rate: 100%
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 |