(MENAFNEditorial)
iCrowdNewswire - Mar 29, 2017
Francise Group Beirut, Lebanon / Primary/secondary school costs A loan of $4,500 helps a member to pay her children's school tuition fees. Francise Group's story
Gemma is the featured borrower of Francise Group, which consists of six hardworking Filipino ladies. She got along with the other group members to acquire a loan from Kiva's field partner, Al Majmoua to improve their famillies living.
Gemma is a 38-year-old, widowed mother of three children. She has been working as a domestic worker in Lebanon to provide her children with the necessary living needs and proper education.
Today, Gemma is acquiring a loan from Kiva's field partner Al Majmoua, to pay her children's school tuition fees. She is the second lady from the far left side with purple top in the picture. With respect to the other group members, Angie is the third from the left with black top, Rosalinda is the first lady at the far right side of the picture with the red scarf, Imelda is the first at the far left and Ofelia is the third from the right.
In this group: Angie, Ofelia, Rosalinda, Gemma, Imelda, Lilibeth *
*not pictured
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This loan is special because: It gives opportunity to marginalized groups to improve their businesses. Lev Plaves Kiva staff
More about this loan This loan is specifically designed for Al Majmoua's underserved clients, namely non-Lebanese who have come to Lebanon to find work. These communities, often from the Philippines, have been marginalized by Lebanese society and do not enjoy the same opportunities in the work, educational, and health fields. By funding this loan, you are helping these individuals improve their businesses and provide for their families. 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.
Contact Information:
Francise Group
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