Dib


Status: Paying Back

$2,000.00   Loan Amount
8% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Dib
Location: Bekaa, Lebanon
Activity: Carpentry

About the Loan

Loan Amount: $2,000.00
Loan Use: To purchase an aluminum machine for his work.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 8, 2009
Date Disbursed: Sep 15, 2009
Date Funded:Sep 14, 2009

About the Country

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



Dib, a 34-year-old man living in the Bekaa with his wife and five children, works as a carpenter. He has been the owner of a small factory for nine years, producing doors, windows, kitchens, etc. Dib has requested a loan of $2000 US from Al Majmoua in order to purchase an aluminum machine for his work. This is the first time that Dib has requested a loan.


Dib is experienced and does nice work. His clients are his friends, neighbors and people from his region. When he first started his business, he didn’t face difficulties. Dib decided on doing this business because he wanted to improve his financial situation. In the future, he plans on improving his business by purchasing more sophisticated machines.



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Journal entries for Dib


Loan has been disbursed
 
Entrepreneur: Dib
Location: Bekaa, Lebanon

Thank you for your loan. It has been disbursed to Dib 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 Bekaa, Lebanon
Sep 15, 2009
Comment on this entry

Kiva Help Repayment Schedule for Dib

  Expected Repayments Actual Repayments Comments
December 2009 $166.67 $174.00 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 $166.67 Available Sep 1  
October 2010 $166.67 Available Oct 1  
November 2010 $166.63 Available Nov 1