Fares
Status: Paying Back
| $2,500.00 | Loan Amount |
|---|
50% repaid
About the Entrepreneur
(For privacy reasons, the Field Partner has requested that last name be undisclosed)| Name: | Fares |
|---|---|
| Location: | Borj Barajneh, Lebanon |
| Activity: | Auto Repair |
About the Loan
| Loan Amount: | $2,500.00 |
|---|---|
| Loan Use: | To purchase tools for a garage |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | N/A
 |
| Date Listed: | Jun 1, 2009 |
| Date Disbursed: | Apr 7, 2009 |
| Date Funded: | Jun 22, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Al Majmoua Lebanese Association for Development |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 1783 |
| Total Loans: | $1,855,000 |
| Delinquency Rate: | 0.75% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Lebanon |
|---|---|
| Avg Annual Income: | $5,900.00 |
| Currency: | United States Dollars (USD) |
Fares has been working as a car repairman since 1996. Fares is a 47-year old man who lives in Bourj El Barajneh, in the southern suburbs of Lebanon, with his wife and their three children. Fares has requested a loan of $2500 US from Al Majmoua in order to purchase tools for his garage. This is his fourth loan cycle and he has always repaid on time.
His previous loans helped him improve his work as well as his financial situation. His clients are his friends, neighbors and others. He hasn't faced any difficulties since he first started his business. Fares decided on this business because he wanted to use his experience and he also wanted to work independently. In the future, he plans on improving his shop.
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Journal entries for Fares
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Loan has been disbursed
Location: Borj Barajneh, Lebanon
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Posted by
from Borj Barajneh, Lebanon
Jun 23, 2009 |
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Comment on this entry
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Repayment Schedule for Fares
Repayment Schedule for Fares
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2009 | $416.66 | $418.00 |  Repayment Received
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| September 2009 | $208.33 | $209.00 | Repayment Received
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| October 2009 | $208.33 | $209.00 | Repayment Received
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| November 2009 | $208.33 | $209.00 | Repayment Received
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| December 2009 | $208.33 | $209.00 | Repayment Received
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| January 2010 | $208.33 | Available Jan 1 | |||
| February 2010 | $208.33 | Available Feb 1 | |||
| March 2010 | $208.33 | Available Mar 1 | |||
| April 2010 | $208.33 | Available Apr 1 | |||
| May 2010 | $208.33 | Available May 1 | |||
| June 2010 | $208.37 | Available Jun 1 | |||
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