Hussein


Status: Paid Back

$1,200.00   Loan Request
$1,200.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Hussein
Location: Borj Barajneh, Lebanon
Activity: Auto Repair

About the Loan

Loan Amount: $1,200.00
Loan Use: To buy his partner's share (of the mobiles business)
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jan 1, 2008
Date Disbursed: Jan 15, 2008
Date Funded:Jan 1, 2008
Loan Ended:Feb 15, 2009

About the Country

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



Hussein is 46 years old. He is married and has 7 children. He lives with his family in the Beirut suburbs. Hussein is a mechanic. He fixes the cars of the surrounding inhabitants. Hussein has also a partnership in a mobile phones shop. He therefore needs to buy his partner's share to fully own the business. Ali is the provider of his family. This second business will help him support his wife and children.

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Journal entries for Hussein


Loan has been disbursed
 
Entrepreneur: Hussein
Location: Borj Barajneh, Lebanon

Thank you for your loan. It has been disbursed to Hussein Zaaytar by Al Majmoua- Lebanese Association for Dev in Lebanon. We are excited to watch this business grow. Over the next 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 Borj Barajneh, Lebanon
Jan 15, 2008
Comments (1)

News about Hussein
 
Entrepreneur: Hussein
Location: Borj Barajneh, Lebanon

Hussein has been working with Al Majmoua, Lebanese Association for Development for nearly three years now. Hussein owns a garage in where he repairs cars and sells spare parts. His last loan is already finished. He used the capital from his last loan, which was raised by Kiva lenders such as you, and disbursed by Al Majmoua, for a variety of purposes. Some of the money helped to improve his garage and some was used to his second business which is a mobile phone shop. Hussein explained to us that his previous loans from Al Majmoua have allowed him to continually improve his garage. Hussein is very satisfied with his Kiva-Al Majmoua loan, and he is grateful for the opportunity this access to microfinance has provided him.

If you would like to continue funding Lebanese Entrepreneurs like Aida, please visit Al Majmoua currently funding loans.


Posted by Sarah Baba from Borj Barajneh, Lebanon
Feb 5, 2009
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Kiva Help Repayment Schedule for Hussein

  Expected Repayments Actual Repayments Comments
April 2008 $100.00 $100.00 Repayment Received
May 2008 $100.00 $100.00 Repayment Received
June 2008 $100.00 $100.00 Repayment Received
July 2008 $100.00 $100.00 Repayment Received
August 2008 $100.00 $100.00 Repayment Received
September 2008 $100.00 $100.00 Repayment Received
October 2008 $100.00 $100.00 Repayment Received
November 2008 $100.00 $100.00 Repayment Received
December 2008 $100.00 $100.00 Repayment Received
January 2009 $100.00 $100.00 Repayment Received
February 2009 $100.00 $100.00 Repayment Received
March 2009 $100.00 $100.00 Repayment Received