Wobkine


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: Wobkine
Location: Beirut, Lebanon
Activity: Jewelry

About the Loan

Loan Amount: $3,000.00
Loan Use: To purchase a new machine to expand his production.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 22, 2009
Date Disbursed: Sep 24, 2009
Date Funded:Oct 17, 2009

About the Country

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



Wobkine is a 44 year old man who lives in Beirut, the capital of Lebanon, with his wife and their two children. Wobkine has been working as a jewelry designer for three years. He produces bracelets, necklaces, earrings and other jewelry depending on the fashion and the demand. He requested a loan from Al Majmoua in order to purchase a new machine to expand his production. This is his second loan and he has always repaid on time.


His previous loan helped him improve his work. Wobkine's work is special because he produces nice and trendy jewelry. His clients are his friends, neighbors and traders. When Wobkine first started his business he had family issues. He decided on doing his business because he wanted to have an independent job. In the future, he plans on expanding his work by selling throughout the Arab countries.


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Journal entries for Wobkine


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

Thank you for your loan. It has been disbursed to Wobkine 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
Oct 18, 2009
Comment on this entry

Kiva Help Repayment Schedule for Wobkine

  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