Ali


Status: Paying Back

$1,500.00   Loan Amount
50% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $1,500.00
Loan Use: To do some maintenance work on a tractor
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jul 1, 2009
Date Disbursed: Apr 14, 2009
Date Funded:Jul 23, 2009

About the Country

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



Ali has had a tractor for 13 years. He is a 31-year old man who lives in Nabatieh, Southern Lebanon, with his wife and their child. With his tractor, he transports cars, furniture, and lots more. Ali is willing to help clients from his region with his big tractor. He hasn't faced any difficulties since he first started his work. Ali decided on this business because he wanted to improve his family’s income.


Ali has been a microcredit client for eight years now and has always paid on time. He is requesting a loan of $1500 US from Al Majmoua in order to do some maintenance work on his tractor. His previous loan helped him improve his work. In the future, he plans on expanding his business.



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Journal entries for Ali


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

Thank you for your loan. It has been disbursed to Ali 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
Jul 24, 2009
Comments (1)

Kiva Help Repayment Schedule for Ali

  Expected Repayments Actual Repayments Comments
September 2009 $375.00 $375.00 Repayment Received
October 2009 $125.00 $125.00 Repayment Received
November 2009 $125.00 $125.00 Repayment Received
December 2009 $125.00 $125.00 Repayment Received
January 2010 $125.00 Available Jan 1  
February 2010 $125.00 Available Feb 1  
March 2010 $125.00 Available Mar 1  
April 2010 $125.00 Available Apr 1  
May 2010 $125.00 Available May 1  
June 2010 $125.00 Available Jun 1