Marwan


Status: Paying Back

$1,000.00   Loan Amount
50% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Marwan
Location: Nabatieh, Lebanon
Activity: Bakery

About the Loan

Loan Amount: $1,000.00
Loan Use: To purchase baking supplies like flour and oil
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: May 1, 2009
Date Disbursed: Apr 14, 2009
Date Funded:May 8, 2009

About the Country

Country:Lebanon
Avg Annual Income:$5,900.00
Currency:United States Dollars (USD)



Marwan has owned a bakery for a year. He is 37 years old and lives in Nabatieh, Southern Lebanon with his wife and their two children. Marwan is special in his work because he opened his bakery in front of a school. His clients are mainly students as well as people from his region. He does “mankoucheh”. A mankoucheh looks like a folded pizza. The most common toppings are zaatar (thyme), jebneh (cheese) and lahm bi ajin (minced meat). You can eat it anytime of the day, but somehow it tastes better in the morning.


Marwan decided on this business because he wanted to improve his financial situation. When he first started, he had to face the competition. Thanks to his previous loans, Marwan was able to open his bakery and did improve his financial situation. This is his third cycle and he has always paid on time. Marwan is requesting a loan of $1000 US from Al Majmoua in order to purchase baking supplies like flour and oil. In the future, he plans on improving his bakery.


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Journal entries for Marwan


Loan has been disbursed
 
Entrepreneur: Marwan
Location: Nabatieh, Lebanon

Thank you for your loan. It has been disbursed to Marwan by Al Majmoua Lebanese Association for Development, a partner of Save the Children in Lebanon. We are excited to watch this business grow. Over the 12 months of this loan, Al Majmoua Lebanese Association for Development, a partner of Save the Children will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Nabatieh, Lebanon
May 9, 2009
Comment on this entry

Kiva Help Repayment Schedule for Marwan

  Expected Repayments Actual Repayments Comments
July 2009 $83.33 $84.00 Repayment Received
August 2009 $83.33 $86.00 Repayment Received
September 2009 $83.33 $83.00 Repayment Received
October 2009 $83.33 $83.00 Repayment Received
November 2009 $83.33 $83.00 Repayment Received
December 2009 $83.33 $83.00 Repayment Received
January 2010 $83.33 Available Jan 1  
February 2010 $83.33 Available Feb 1  
March 2010 $83.33 Available Mar 1  
April 2010 $83.33 Available Apr 1  
May 2010 $83.33 Available May 1  
June 2010 $83.37 Available Jun 1