Bilal


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: Bilal
Location: Saida - South, Lebanon
Activity: Internet Cafe

About the Loan

Loan Amount: $1,200.00
Loan Use: To open an internet cafe
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 13, 2008
Date Disbursed: Aug 27, 2008
Date Funded:Aug 13, 2008
Loan Ended:Sep 15, 2009

About the Country

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



Bilal is 28 years old, single, and lives in a small village close to Saida, South of Lebanon. He owns a cellphone shop and is the only person who also has a satellite station in the area where he lives. He started his business thanks to loans he requested from Al Majmoua in the past, which he successfully repaid on-time.



Bilal has been a microcredit client of Al Majmoua for the past three years. Presently, he needs a loan for $1200 to open an internet cafe. Indeed, there's a big need for such service in his area.



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Jill
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Paul and Liz
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Anonymous
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Richard
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Kathryn
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Anonymous
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CherylS
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Michelle
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Taylor
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Diane
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Journal entries for Bilal


Loan has been disbursed
 
Entrepreneur: Bilal
Location: Saida - South, Lebanon

Thank you for your loan. It has been disbursed to Bilal Al Sayed by Al Majmoua Lebanese Association for Development, a partner of Save the Children in Lebanon. We are excited to watch this business grow. Over the next 12 months, Al Majmoua Lebanese Association for Development, a partner of Save the Children will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Saida - South, Lebanon
Aug 28, 2008
Comment on this entry

News about Bilal
 
Entrepreneur: Bilal
Location: Saida - South, Lebanon

Bilal has been working with Al Majmoua, Lebanese Association for Development. Bilal owns a mobile shop. His last loan is almost 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 purchase merchandise for his shop and some was used to open an internet cafe. Bilal explained to us that his previous loans from Al Majmoua have allowed him to continually improve his business. Bilal 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 Bilal, please visit Al Majmoua currently funding loans.


Posted by Sarah Baba from Saida - South, Lebanon
Aug 31, 2009
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Kiva Help Repayment Schedule for Bilal

  Expected Repayments Actual Repayments Comments
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
April 2009 $100.00 $100.00 Repayment Received
May 2009 $100.00 $100.00 Repayment Received
June 2009 $100.00 $100.00 Repayment Received
July 2009 $100.00 $100.00 Repayment Received
August 2009 $100.00 $100.00 Repayment Received
September 2009 $100.00 $100.00 Repayment Received
October 2009 $100.00 $100.00 Repayment Received