Mhamad
Status: Paying Back
| $1,500.00 | Loan Amount |
|---|
8% repaid
About the Entrepreneur
(For privacy reasons, the Field Partner has requested that last name be undisclosed)| Name: | Mhamad |
|---|---|
| Location: | Bekaa, Lebanon |
| Activity: | Cafe |
About the Loan
| Loan Amount: | $1,500.00 |
|---|---|
| Loan Use: | To purchase merchandise for his cafe. |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | N/A
 |
| Date Listed: | Sep 9, 2009 |
| Date Disbursed: | Sep 14, 2009 |
| Date Funded: | Oct 8, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Al Majmoua Lebanese Association for Development |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 1783 |
| Total Loans: | $1,855,000 |
| Delinquency Rate: | 0.75% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Lebanon |
|---|---|
| Avg Annual Income: | $5,900.00 |
| Currency: | United States Dollars (USD) |
Mhamad is a 54 year old man who lives in the Bekaa with his wife and their five children. Mhamad has owned a café for two years. In his café, you can find computers, billiards, baby foot and lots more. Mhamad requested a loan of 1500 US dollars from Al Majmoua in order to purchase merchandise for his cafe. This is his third cycle and he has always paid on time.
Mhamad is special in his work because he knows how to take care of his clients. His clients are his friends, neighbors and tourists. When he first started his business, he had to face the competition. He decided on doing his business because he wanted to have an independent work as well as improve his financial situation. In the future, he plans on expanding his business.
Mhamad is special in his work because he knows how to take care of his clients. His clients are his friends, neighbors and tourists. When he first started his business, he had to face the competition. He decided on doing his business because he wanted to have an independent work as well as improve his financial situation. In the future, he plans on expanding his business.
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Journal entries for Mhamad
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Loan has been disbursed
Location: Bekaa, Lebanon
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Posted by
from Bekaa, Lebanon
Oct 9, 2009 |
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Comment on this entry
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Repayment Schedule for Mhamad
Repayment Schedule for Mhamad
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $125.00 | $125.00 |  Repayment Received
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| 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 | |||
| November 2010 | $125.00 | Available Nov 1 | |||
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