Salem


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: Salem
Location: Nabatieh, Lebanon
Activity: Auto Repair

About the Loan

Loan Amount: $1,200.00
Loan Use: To purchase the needed material
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jan 2, 2008
Date Disbursed: Jan 17, 2008
Date Funded:Jan 3, 2008
Loan Ended:Feb 15, 2009

About the Country

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



Salem lives in the region of Nabatieh, in South Lebanon. He is 35 years old. Salem fixes cars' steering wheels. He also sells wheels and offers wheel maintenance services.

Salem needs $1200 to purchase the needed material for his business sustainability and development. He is planning to get married and the additional income will help him pay for the wedding expenses.


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Journal entries for Salem


Loan has been disbursed
 
Entrepreneur: Salem
Location: Nabatieh, Lebanon

Thank you for your loan. It has been disbursed to Salem Kaafarani 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 Nabatieh, Lebanon
Jan 17, 2008
Comments (7)

update
 
Entrepreneur: Salem
Location: Nabatieh, Lebanon

Dear Salem's lenders,

Salem has bought the material he needed for his business. He continues to work and is paying back the loan.

Thank you all for your support and your nice comments.


Posted by Raya Azar from Nabatieh, Lebanon
May 19, 2008
Comments (8)

Business Development for Salem
 
Entrepreneur: Salem
Location: Nabatieh, Lebanon

Salem has worked with Al Majmoua, Lebanese Association for Development, and his last loan is finished. He used the capital from his last loan, which was raised by Kiva lenders such as you, and disbursed by Al Majmoua, to purchase material for his business. Salem is extremely satisfied with his Kiva-Al Majmoua loan and hopes one day to expand his business and become a bigger garage.

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


Posted by Sarah Baba from Nabatieh, Lebanon
Mar 30, 2009
Comments (1)

Kiva Help Repayment Schedule for Salem

  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