Abbas


Status: Paying Back

$1,000.00   Loan Amount
75% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Abbas
Location: Nabatieh, Lebanon
Activity: Personal Housing Expenses

About the Loan

Loan Amount: $1,000.00
Loan Use: Abbas will use the loan to purchase new painting tools and a car for his work.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Jan 21, 2009
Date Disbursed: Jan 26, 2009
Date Funded:Jan 21, 2009

About the Country

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



Abbas is a 41-year-old man who lives in Nabatieh, southern Lebanon, with his wife and their seven children. Abbas works as a house painter. He requests a loan of $1000 USD from Al Majmoua in order to purchase new painting tools and a car that will facilitate his work. This is the first time that Abbas has requested a loan.
Abbas is special in his work because he has experience and he does good work. His clients are his friends, neighbors and others. When he first started his business, he had difficulty building a network. He decided to start his business because he wanted to be independent in his work and also improve his family's situation. In the future, he plans to expand his business.




About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more

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Journal entries for Abbas


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

Thank you for your loan. It has been disbursed to Abbas 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 Nabatieh, Lebanon
Jan 26, 2009
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Kiva Help Repayment Schedule for Abbas

  Expected Repayments Actual Repayments Comments
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 $83.00 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 $83.33 Available Jan 1  
February 2010 $83.33 Available Feb 1  
March 2010 $83.37 Available Mar 1