Asaad


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: Asaad
Location: Beirut, Lebanon
Activity: Grocery Store

About the Loan

Loan Amount: $1,500.00
Loan Use: To purchase merchandise for his store.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 22, 2009
Date Disbursed: Sep 15, 2009
Date Funded:Oct 7, 2009

About the Country

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



Asaad is a 48 year old man who lives in Beirut, capital of Lebanon with his wife and their three children. Asaad has owned a grocery store since 1980. He requested a loan from Al Majmoua in order to purchase merchandise for his store. Asaad has been a microcredit client for eleven years now and has always paid on time.
His previous loans helped him diversify his merchandise and improve his work by enlarging his work. Asaad is special in his work because he owns a big variety of products. His clients are his friends and neighbors. When Asaad first started his business, he didn’t face difficulties. He decided on doing his business because he wanted to have an independent work. In the future, he plans on expanding his work.


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Journal entries for Asaad


Loan has been disbursed
 
Entrepreneur: Asaad
Location: Beirut, Lebanon

Thank you for your loan. It has been disbursed to Asaad by Al Majmoua Lebanese Association for Development in Lebanon. We are excited to watch this business grow. Over the 6 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
Oct 8, 2009
Comment on this entry

Kiva Help Repayment Schedule for Asaad

  Expected Repayments Actual Repayments Comments
December 2009 $250.00 $250.00 Repayment Received
January 2010 $250.00 Available Jan 1  
February 2010 $250.00 Available Feb 1  
March 2010 $250.00 Available Mar 1  
April 2010 $250.00 Available Apr 1  
May 2010 $250.00 Available May 1