Mouhamad


Status: Paying Back

$1,500.00   Loan Amount
16% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $1,500.00
Loan Use: To purchase raw material for his bakery.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 2, 2009
Date Disbursed: Aug 24, 2009
Date Funded:Sep 3, 2009

About the Country

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



Mouhamad is a 19-year-old man who lives in Beirut, capital of Lebanon. Mouhamad has owned a bakery for two years. He uses a “saj” oven to make bread and “mankoucheh”. A “saj” is a metal oven, a traditional Lebanese cooking dome, used to make Markouk (“thinned”) bread and doughy confections or Mankoucheh. A mankoucheh looks like a folded pizza, most common toppings are zaatar (thyme), jebneh (cheese) and lahm bi ajin (minced meat). You can eat it anytime of the day, but somehow it tastes better in the morning.

Mouhamad requests a loan of $1,500 from Al Majmoua in order to purchase raw material for his bakery. This is the first time that Ali has requested a loan. Mouhamad is works hard to treat his clients well and to make good mankoucheh. His clients are his friends and neighbors. When he first started his business, he rented a bakery, but now he has his own. He developed this business because of his experience. In the future, he plans on expanding his business.


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Journal entries for Mouhamad


Loan has been disbursed
 
Entrepreneur: Mouhamad
Location: Beirut, 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 Beirut, Lebanon
Sep 4, 2009
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Kiva Help Repayment Schedule for Mouhamad

  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