Hassan


Status: Paying Back

$700.00   Loan Amount
50% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Hassan
Location: Tyre, South, Lebanon
Activity: Cafe

About the Loan

Loan Amount: $700.00
Loan Use: To purchase merchandise for a coffee shop
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 1, 2009
Date Disbursed: Jul 20, 2009
Date Funded:Aug 19, 2009

About the Country

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



Hassan is an 18-year-old man who lives in Tyre, Southern Lebanon. Hassan has owned a coffee shop for a year. He also serves narguileh (also known as shisha in Egypt). Narguileh is an ancient tradition enjoyed by the people of the Middle East. A tall (or short) water pipe is used to smoke fruit-flavored tobacco. Narguileh is enjoyed in cafes across the Middle East and is beginning to gain popularity in the US, Europe and other countries. Hassan also has a billiard table for those who want to play.


Hassan requested a loan of $700 US from Al Majmoua in order to purchase merchandise for his shop. This is the first time that Hassan has requested a loan. Hassan is special in his work because he knows how to treat his clients and clients feel comfortable going to his coffee shop. His clients are his friend, neighbors and others. When he first started his business, he didn’t face difficulties. Hassan decided on this business because he wanted to work independently and he has always wanted to have a coffee shop. In the future, he plans on expanding his business.



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Journal entries for Hassan


Loan has been disbursed
 
Entrepreneur: Hassan
Location: Tyre, South, Lebanon

Thank you for your loan. It has been disbursed to Hassan 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 Tyre, South, Lebanon
Aug 20, 2009
Comments (1)

Kiva Help Repayment Schedule for Hassan

  Expected Repayments Actual Repayments Comments
October 2009 $58.33 $62.00 Repayment Received
November 2009 $58.33 $116.00 Repayment Received
December 2009 $58.33 $174.00 Repayment Received
January 2010 $58.33 Available Jan 1 Repayment Received
February 2010 $58.33 Available Feb 1 Repayment Received
March 2010 $58.33 Available Mar 1 Repayment Received
April 2010 $58.33 Available Apr 1  
May 2010 $58.33 Available May 1  
June 2010 $58.33 Available Jun 1  
July 2010 $58.33 Available Jul 1  
August 2010 $58.33 Available Aug 1  
September 2010 $58.37 Available Sep 1