Ali


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: Ali
Location: Bekaa, Lebanon
Activity: Grocery Store

About the Loan

Loan Amount: $1,200.00
Loan Use: Diversify the grocery store merchandise
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Sep 13, 2008
Date Disbursed: Sep 27, 2008
Date Funded:Sep 13, 2008
Loan Ended:Aug 15, 2009

About the Country

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



Ali, 24 years old and single, lives in a village in the Northern Bekaa. Ali owns a grocery shop where he also sells vegetables and fruit. Ali's enthusiasm and willpower have helped his business grow from day to day. Presently, he needs the amount of USD 1,200 to purchase goods and diversify his merchandise in order to make his business more solid and to expand it. This is the first time that Ali is requesting a loan from Al Majmoua.

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Journal entries for Ali


Loan has been disbursed
 
Entrepreneur: Ali
Location: Bekaa, Lebanon

Thank you for your loan. It has been disbursed to Ali 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 10 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 Bekaa, Lebanon
Sep 27, 2008
Comments (1)

Update on Ali
 
Entrepreneur: Ali
Location: Bekaa, Lebanon

Ali has paid off most of his loan disbursed by Al Majmoua Lebanese Association for Development and supported by you, Kiva Lenders. He used the loan to buy gas barrels to sell at his store. His business has improved and expanded. He aims to continue to expand his business. Ali is grateful for the opportunity to work with both Kiva and Al Majmoua.

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


Posted by Alia Rafeh, KF8, Lebanon from Bekaa, Lebanon
Jun 11, 2009
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Kiva Help Repayment Schedule for Ali

  Expected Repayments Actual Repayments Comments
December 2008 $120.00 $0.00 Repayment Received
January 2009 $120.00 $240.00 Repayment Received
February 2009 $120.00 $120.00 Repayment Received
March 2009 $120.00 $120.00 Repayment Received
April 2009 $120.00 $120.00 Repayment Received
May 2009 $120.00 $120.00 Repayment Received
June 2009 $120.00 $120.00 Repayment Received
July 2009 $120.00 $120.00 Repayment Received
August 2009 $120.00 $120.00 Repayment Received
September 2009 $120.00 $120.00 Repayment Received