Mostafa
Status: Paying Back
| $2,000.00 | Loan Amount |
|---|
41% repaid
About the Entrepreneur
(For privacy reasons, the Field Partner has requested that last name be undisclosed)| Name: | Mostafa |
|---|---|
| Location: | Beirut, Lebanon |
| Activity: | Food Market |
About the Loan
| Loan Amount: | $2,000.00 |
|---|---|
| Loan Use: | To purchase merchandise for his mini-market |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | N/A
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| Date Listed: | Aug 1, 2009 |
| Date Disbursed: | Jun 15, 2009 |
| Date Funded: | Aug 25, 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: | 1782 |
| Total Loans: | $1,852,500 |
| 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) |
Mostafa is a 22 year old man who lives with his wife in Beirut, the capital of Lebanon. Mostafa has owned a mini-market for four years. He requested a loan of 2,000 US dollars from Al Majmoua in order to purchase merchandise for his market like cheese, yogurt, bread, water, cans and lots more. This is his second loan and he has always repaid on time.
Mostafa is special in his work because he has a big variety of products and opens till late in the evening. His clients are his friends and neighbors. When he first started his business, he had to face the competition because there are other markets in his region. He decided on doing his business because he wanted to increase his income, as well as he likes trading. In the future, he plans on expanding his business by becoming a supermarket.
Mostafa is special in his work because he has a big variety of products and opens till late in the evening. His clients are his friends and neighbors. When he first started his business, he had to face the competition because there are other markets in his region. He decided on doing his business because he wanted to increase his income, as well as he likes trading. In the future, he plans on expanding his business by becoming a supermarket.
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Journal entries for Mostafa
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Loan has been disbursed
Location: Beirut, Lebanon
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Posted by
from Beirut, Lebanon
Aug 26, 2009 |
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Comment on this entry
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Repayment Schedule for Mostafa
Repayment Schedule for Mostafa
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $333.34 | $501.00 |  Repayment Received
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| November 2009 | $166.67 | $167.00 | Repayment Received
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| December 2009 | $166.67 | $167.00 | Repayment Received
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| January 2010 | $166.67 | Available Jan 1 | Repayment Received
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| February 2010 | $166.67 | Available Feb 1 | |||
| March 2010 | $166.67 | Available Mar 1 | |||
| April 2010 | $166.67 | Available Apr 1 | |||
| May 2010 | $166.67 | Available May 1 | |||
| June 2010 | $166.67 | Available Jun 1 | |||
| July 2010 | $166.67 | Available Jul 1 | |||
| August 2010 | $166.63 | Available Aug 1 | |||
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