Mouhamad


Status: Paying Back

$3,000.00   Loan Amount
25% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $3,000.00
Loan Use: To purchase tools and paint for his work.
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 26, 2009

About the Country

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



Mouhamad is a 34-year-old man who lives in Nabatieh, southern Lebanon. Mouhamad has been working as a car painter for sixteen years. Mouhamad requested a loan of $3,000 US from Al Majmoua in order to purchase tools and paint for his work. This is his second loan cycle and he has always paid on time.


His previous loan helped him improve his garage. Mouhamad is special in his work because of his efficiency. His clients are his friends and neighbors. When Mouhamad first started his business, he didn’t face difficulties. Mouhamad decided on doing his work because of his experience and wanting to have an independent job. In the future, he plans on expanding his business.


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Journal entries for Mouhamad


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

Thank you for your loan. It has been disbursed to Mouhamad 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 Nabatieh, Lebanon
Aug 27, 2009
Comment on this entry

Kiva Help Repayment Schedule for Mouhamad

  Expected Repayments Actual Repayments Comments
October 2009 $250.00 $250.00 Repayment Received
November 2009 $250.00 $250.00 Repayment Received
December 2009 $250.00 $250.00 Repayment Received
January 2010 $250.00 Available Jan 1  
February 2010 $250.00 Available Feb 1  
March 2010 $250.00 Available Mar 1  
April 2010 $250.00 Available Apr 1  
May 2010 $250.00 Available May 1  
June 2010 $250.00 Available Jun 1  
July 2010 $250.00 Available Jul 1  
August 2010 $250.00 Available Aug 1  
September 2010 $250.00 Available Sep 1