Ali


Status: Paying Back

$2,000.00   Loan Amount
25% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $2,000.00
Loan Use: To purchase tools and iron 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 5, 2009

About the Country

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



Ali is a 42-year-old man who lives in Nabatieh, Southern Lebanon, with his wife and their three children. He has been working as a blacksmith for 20 years. Ali requested a loan of $2000 US from Al Majmoua in order to purchase tools and iron for his work. This is the first time that he has requested a loan.


Ali is has a reputation for his good work. His clients are people from his region. When he first started his business, he had difficulty building a network. Ali decided on this business because he wanted to improve his financial situation. 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 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 6, 2009
Comments (1)

Kiva Help Repayment Schedule for Ali

  Expected Repayments Actual Repayments Comments
October 2009 $166.67 $174.00 Repayment Received
November 2009 $166.67 $166.00 Repayment Received
December 2009 $166.67 $166.00 Repayment Received
January 2010 $166.67 Available Jan 1  
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 $166.67 Available Aug 1  
September 2010 $166.63 Available Sep 1