Abdallah


Status: Paying Back

$1,300.00   Loan Amount
50% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $1,300.00
Loan Use: Abdallah will use the loan to purchase merchandise for his shop
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jun 1, 2009
Date Disbursed: Apr 22, 2009
Date Funded:Jun 2, 2009

About the Country

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



Abdallah is a 38-year-old man who lives in Bourj El Barajneh in the southern suburbs of Lebanon with his wife and their three children. Abdallah has owned a bakery since 2003. He makes “mankoucheh.” A mankoucheh looks like a folded pizza and the most common toppings are zaatar (thyme), jebneh (cheese) and lahm bi ajin (minced meat). You can eat it any time of the day, but somehow it tastes better in the morning. Abdallah requested a loan of $1,300 from Kiva's partner Al Majmoua in order to purchase merchandise for his shop. Abdallah has been a micro-credit client for five years now and has always paid on time.


His previous loans helped him improve his work as well as his financial situation. His clients are his friends, neighbors and people from his region. When he first started his business, he didn’t face difficulties. Abdallah decided on doing his business because he wanted to work independently. In the future, he plans on expanding his shop.


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Journal entries for Abdallah


Loan has been disbursed
 
Entrepreneur: Abdallah
Location: Borj Barajneh, Lebanon

Thank you for your loan. It has been disbursed to Abdallah 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 Borj Barajneh, Lebanon
Jun 3, 2009
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Kiva Help Repayment Schedule for Abdallah

  Expected Repayments Actual Repayments Comments
August 2009 $216.66 $218.00 Repayment Received
September 2009 $108.33 $109.00 Repayment Received
October 2009 $108.33 $109.00 Repayment Received
November 2009 $108.33 $108.00 Repayment Received
December 2009 $108.33 $108.00 Repayment Received
January 2010 $108.33 Available Jan 1  
February 2010 $108.33 Available Feb 1  
March 2010 $108.33 Available Mar 1  
April 2010 $108.33 Available Apr 1  
May 2010 $108.33 Available May 1  
June 2010 $108.37 Available Jun 1