Omar


Status: Paying Back

$2,000.00   Loan Amount
0% repaid

About the Entrepreneur

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

About the Loan

Loan Amount: $2,000.00
Loan Use: To purchase more inventory for his store.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 12, 2009
Date Disbursed: Oct 5, 2009
Date Funded:Nov 4, 2009

About the Country

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



Omar is a 37 year old man who lives in Beirut, capital of Lebanon with his wife and their three children. Omar has owned a grocery store since 2003. He sells candies, raw materials, canned food, cheese etc. He has requested a loan from Al Majmoua in order to purchase merchandise for his store to increase his stock. This is the first time that Omar has requested a loan.
Omar is special in his work because he owns a large variety of products. His clients are his friends and neighbors. Omar’s grocery store is very well located and he is well-known is his region. He decided on doing this business because he wanted to have independent work. In the future, he plans on expanding his business by opening another grocery store.


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Journal entries for Omar


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

Thank you for your loan. It has been disbursed to Omar 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
Nov 5, 2009
Comment on this entry

Kiva Help Repayment Schedule for Omar

  Expected Repayments Actual Repayments Comments
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 $166.67 Available Nov 1  
December 2010 $166.63 Available Dec 1