Fadia


Status: Paid Back

$300.00   Loan Request
$300.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Fadia
Location: Sharoun, Lebanon
Activity: Embroidery

About the Loan

Loan Amount: $300.00
Loan Use: To buy materials for her knitting and crochet work
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 12, 2007
Date Disbursed: Sep 26, 2007
Date Funded:Sep 12, 2007
Loan Ended:Mar 26, 2008

About the Country

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



Fadia Al Sayegh is a married woman living in Sharoun with her family and her 4 children. Fadia used to sell cosmetic products from door to door. When this activity ended, she started knitting and doing crochet, skills she learned from her mother at age 15.
She either sells her work at home or she passes her creations to a woman in charge of selling them.
Fadia needs to buy the necessary materials and accessories to sustain and gradually develop her small business.



Fadia is part of a group with 5 other women from the same village. Her group's name is 'Al Eman' which means faith.
The requested loan is for this group of self-chosen women, living in vulnerable conditions, mostly in rural areas.
Group lending is based on incremental increase of loan amount and group solidarity to guarantee repayment.
The strength of the group loan is that it encourages a collaborative approach in the borrowing community. The group loan is a very powerful tool towards the economic empowerment of women.


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Journal entries for Fadia


Loan has been disbursed
 
Entrepreneur: Fadia
Location: Sharoun, Lebanon

Thank you for your loan. It has been disbursed to Fadia Al Sayegh by Al Majmoua- Lebanese Association for Dev in Lebanon. We are excited to watch this business grow. Over the next 6 - 12 months, Al Majmoua- Lebanese Association for Dev will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Sharoun, Lebanon
Sep 26, 2007
Comment on this entry

Thank you
 
Entrepreneur: Fadia
Location: Sharoun, Lebanon

Dear Lenders,

Thank you very much for supporting Fadia's business. She bought the needed material and is still producing crochet work.

Thank you again for your valuable encouragement.


Posted by Raya Azar from Sharoun, Lebanon
Mar 27, 2008
Comment on this entry

Kiva Help Repayment Schedule for Fadia

  Expected Repayments Actual Repayments Comments
December 2007 $50.00 $50.00 Repayment Received
January 2008 $50.00 $50.00 Repayment Received
February 2008 $50.00 $50.00 Repayment Received
March 2008 $50.00 $50.00 Repayment Received
April 2008 $50.00 $50.00 Repayment Received
May 2008 $50.00 $50.00 Repayment Received