Loan Illustration

My name is Shamsa, I am married and have 7 children. After leaving my hometown with my family six years ago, we moved to Lebanon where I started working as a fa…

Trade Sales

Lebanon Lebanon

Loan amount €1,080

Funded 100%

by 20 members

Funding disbursed to MFI, repayments ongoing

Disbursement date: 05/01/2019
Final repayment of the loan: 02/01/2020

ENGIE by MicroWorld's investors have funded: €1,080

Shamsa - Purchase food stocks

Borrower

First name: Shamsa
Gender:
Age: 34
Marital status: Married
Number of children: 7
Region: Ferzol

Loan Request

Purpose: Purchase food stocks
Amount: €1,080
Duration: 9 months
Loan type: in fine
The loan is reimbursed in one installment at the maturity date of the project (principal and possible interests).
Note: additional time may be necessary for the funds to be credited on the lenders' accounts due to delays in international transfers.

Borrower's quote

My name is Shamsa, I am married and have 7 children. After leaving my hometown with my family six years ago, we moved to Lebanon where I started working as a farmer in the fields to help my husband support our large family. Our expenses have recently increased and our living conditions have become more and more expensive. So I decided to open my own grocery store to earn extra income. I am applying for a loan to renew my stock of merchandise, which will allow me to increase my sales and improve my family's quality of life.

Economic and social context

Lebanon

Lebanon

The Lebanese terrority, which is half as small as French Britanny, is composed of an unmatched variety of landscapes, including sunny Mediteranean shores, snowy mountains with the country's famous cedar trees, deserts, and flatlands.
Country's key figures - source Worldbank
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

This loan is managed locally by our field partner Al Majmoua which is in charge of administrating the loan and repaying ENGIE by MicroWorld lenders.

You should be aware that lending involves a risk of non-repayment. However, the risk associated with this MFI is considered lower than average.

Rates and transparency

  • This loan 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.

The MFI

Al Majmoua

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.

Key figures - 31/12/2014
Legal StatusNGO
Number of Borrowers48,708
Portfolio Size$41,395,838
PAR (Portfolio at Risk)0.72%
R.O.A (Return on Assets)10.59%
Active clientsFigures
Percent of women55%
Percent of youth32%
Percent of non-Lebanese16%
People located in rural area43%
Social indicators
Average amount / GDP per capita (Accessibility for the poorest)85%
Percentage of women borrowers (women's economic empowerment)43%
Savings accounts opened by customersNo (due to legal status)
Guarantees required to access a loanThird party deposit
Loans for social purposesHousing, post-conflicts reconstruction