Agob


Status: Paying Back

$3,000.00   Loan Amount
8% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $3,000.00
Loan Use: To purchase a new coffee machine and pay his children's school tuition.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 22, 2009
Date Disbursed: Sep 18, 2009
Date Funded:Sep 26, 2009

About the Country

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



Agob is a 64 year old man who lives in Beirut, the capital of Lebanon, with his wife and their two children. Agob has owned a coffee shop since 1984. He requested a loan from Al Majmoua in order to purchase a new coffee machine and pay his children's school tuition. Agob 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 coffee shop. Agob's work is special because his coffee shop is cozy. His clients are his friends and neighbors. When Agob first started his business, he didn’t face any difficulties. He decided on doing his business because he wanted to have an independent job. In the future, he plans on expanding his work.


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Journal entries for Agob


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

Thank you for your loan. It has been disbursed to Agob 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 28, 2009
Comment on this entry

Kiva Help Repayment Schedule for Agob

  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  
June 2010 $250.00 Available Jun 1  
July 2010 $250.00 Available Jul 1  
August 2010 $250.00 Available Aug 1  
September 2010 $250.00 Available Sep 1  
October 2010 $250.00 Available Oct 1  
November 2010 $250.00 Available Nov 1