Saleh


Status: Paying Back

$1,000.00   Loan Amount
41% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Saleh
Location: Hasbaya, Lebanon
Activity: Auto Repair

About the Loan

Loan Amount: $1,000.00
Loan Use: To purchase car batteries and tools for his work
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 1, 2009
Date Disbursed: Jun 16, 2009
Date Funded:Aug 19, 2009

About the Country

Country:Lebanon
Avg Annual Income:$5,900.00
Currency:Lebanon Pounds (LBP)
Exchange Rate:1,502.0000 LBP = 1 USD



Saleh is 22 years old and lives with his wife in Bint Jbeil, southern Lebanon. Saleh has been working as a car electrician for five years. He is requesting a loan from Kiva partner, Al Majmoua, in order to purchase car batteries and tools for his work. This is the first time that Saleh has requested a loan.


Saleh is successful in his work because he does it well and charges competitive prices. His clients are his friends, neighbors and tourists. When he first started his business, he had financial issues. Saleh set up as a car electrician because he wanted to have independent and stable work. In the future, he plans on expanding his business.


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Journal entries for Saleh


Loan has been disbursed
 
Entrepreneur: Saleh
Location: Hasbaya, Lebanon

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


Posted by from Hasbaya, Lebanon
Aug 20, 2009
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Kiva Help Repayment Schedule for Saleh

  Expected Repayments Actual Repayments Comments
October 2009 $166.66 $250.00 Repayment Received
November 2009 $83.33 $83.33 Repayment Received
December 2009 $83.33 $83.33 Repayment Received
January 2010 $83.33 Available Jan 1 Repayment Received
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 $83.33 Available Jun 1  
July 2010 $83.33 Available Jul 1  
August 2010 $83.37 Available Aug 1