Mohamad


Status: Paying Back

$1,500.00   Loan Amount
16% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name and location be undisclosed)
Name: Mohamad
Location: Location Undisclosed, Lebanon
Activity: Internet Cafe

About the Loan

Loan Amount: $1,500.00
Loan Use: To purchase UPS and electrical wires.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 19, 2009
Date Disbursed: Aug 17, 2009
Date Funded:Aug 20, 2009

About the Country

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



Mohamad is a 27 year old man who lives in Beirut, capital of Lebanon. Mohamad has owned an Internet cafe. He requested a loan of 1500 US dollars from Al Majmoua in order to purchase UPS and electrical wires. This is the first time that Mohamad has requested a loan.
Mohamad is special in his work because he owns new materials and knows how to suits his clients. His clients are his friends and neighbors. When Mohamad first started his business, he had financial issues. He decided on doing his business because of his experience, as well as his self-confidence in opening his work. In the future, he plans on expanding.


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Journal entries for Mohamad


Loan has been disbursed
 
Entrepreneur: Mohamad
Location: Location Undisclosed, Lebanon

Thank you for your loan. It has been disbursed to Mohamad 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 Location Undisclosed, Lebanon
Aug 21, 2009
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Kiva Help Repayment Schedule for Mohamad

  Expected Repayments Actual Repayments Comments
November 2009 $125.00 $125.00 Repayment Received
December 2009 $125.00 $125.00 Repayment Received
January 2010 $125.00 Available Jan 1  
February 2010 $125.00 Available Feb 1  
March 2010 $125.00 Available Mar 1  
April 2010 $125.00 Available Apr 1  
May 2010 $125.00 Available May 1  
June 2010 $125.00 Available Jun 1  
July 2010 $125.00 Available Jul 1  
August 2010 $125.00 Available Aug 1  
September 2010 $125.00 Available Sep 1  
October 2010 $125.00 Available Oct 1