Fadi


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: Fadi
Location: Aley - Chouf, Lebanon
Activity: Cafe

About the Loan

Loan Amount: $1,000.00
Loan Use: Fadi will use the loan to purchase merchandise and a coffee machine for his work
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 10, 2009

About the Country

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



Fadi is a 37-year-old man who lives in Aley, Mount Lebanon, with his wife and their two children. Fadi has owned a roastery shop for 18 years. He requested a loan of $1,000 from Kiva's partner Al Majmoua in order to purchase merchandise and a coffee machine for his work. This is his third cycle and he has always paid on time.


His previous loan helped him expand his stock. Fadi is special in his work because he knows how to treat his clients. His clients are his friends, neighbors and people from his region. When he first started his business, he faced competition. Fadi decided on doing his business because of his experience. In the future, he plans on expanding his shop.


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Journal entries for Fadi


Loan has been disbursed
 
Entrepreneur: Fadi
Location: Aley - Chouf, Lebanon

Thank you for your loan. It has been disbursed to Fadi 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 Aley - Chouf, Lebanon
Jun 11, 2009
Comment on this entry

Kiva Help Repayment Schedule for Fadi

  Expected Repayments Actual Repayments Comments
August 2009 $166.66 $170.00 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