Husein


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: Husein
Location: Bekaa, Lebanon
Activity: Spare Parts

About the Loan

Loan Amount: $2,000.00
Loan Use: To purchase spare car parts for his garage.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 8, 2009
Date Disbursed: Sep 7, 2009
Date Funded:Oct 7, 2009

About the Country

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



Husein is a 27-year-old man who lives in the Bekaa Valley with his wife and their child. Husein has owned shop where he sells spare car parts since 2003. Husein has requested a loan of $2000 USD from Al Majmoua to purchase spare parts for his garage. This is the first time that Husein has requested a loan.

Husein is special because he knows how to treat his clients and sells good quality products, even thought they are used. His clients can be anybody from his region. When he first started his business, he didn’t face difficulties. Husein decided to start his business because he likes his work. In the future, he plans to expand his business.


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Journal entries for Husein


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

Thank you for your loan. It has been disbursed to Husein 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
Oct 8, 2009
Comment on this entry

Kiva Help Repayment Schedule for Husein

  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