Mohamed


Status: Paying Back

$1,000.00   Loan Amount
91% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Mohamed
Location: Tyre, South, Lebanon
Activity: Tailoring

About the Loan

Loan Amount: $1,000.00
Loan Use: Mohamed needs the loan to purchase new sewing machines.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Dec 17, 2008
Date Disbursed: Nov 18, 2008
Date Funded:Dec 17, 2008

About the Country

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



Mohamed is a 29-year-old man who lives in Tyre, southern Lebanon, with his wife and their child. He has been working as a tailor for five years. Mohamed sews all kind of clothes and fabrics. He requested a loan of 1000 US dollars from Al Majmoua in order to purchase new sewing machines.



Mohamed is special in his work because of his good reputation. When he first started his business, he wasn’t able to rent sewing machines in order to work. He decided to start his own business because he has enough experience and also his willingness to continue. In the future, he plans to own a sewing factory.



This is the first time that Mohamed has requested a loan.


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Journal entries for Mohamed


Loan has been disbursed
 
Entrepreneur: Mohamed
Location: Tyre, South, Lebanon

Thank you for your loan. It has been disbursed to Mohamed 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 12 months of this loan, 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 Tyre, South, Lebanon
Dec 18, 2008
Comments (1)

Kiva Help Repayment Schedule for Mohamed

  Expected Repayments Actual Repayments Comments
February 2009 $83.33 $0.00 Repayment Received
March 2009 $83.33 $84.00 Repayment Received
April 2009 $83.33 $84.00 Repayment Received
May 2009 $83.33 $84.00 Repayment Received
June 2009 $83.33 $84.00 Repayment Received
July 2009 $83.33 $84.00 Repayment Received
August 2009 $83.33 $165.00 Repayment Received
September 2009 $83.33 $83.00 Repayment Received
October 2009 $83.33 $83.00 Repayment Received
November 2009 $83.33 $83.00 Repayment Received
December 2009 $83.33 $83.00 Repayment Received
January 2010 $83.37 Available Jan 1