Mouhamad


Status: Paying Back

$1,000.00   Loan Amount
66% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Mouhamad
Location: Saida - South, Lebanon
Activity: Pub

About the Loan

Loan Amount: $1,000.00
Loan Use: Mouhamad will use the loan to purchase merchandise for his cocktail shop as well as change its décor.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Feb 21, 2009
Date Disbursed: Feb 23, 2009
Date Funded:Feb 21, 2009

About the Country

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



Mouhamad is a 53-year-old man who lives in Saida, Southern Lebanon with his wife and their child. Mouhamad is a carpenter and he has owned a cocktail shop. Mouhamad requested a loan of 1000 US dollars from Al Majmoua in order to purchase merchandise for his cocktail shop as well as change its décor. Mouhamad has been a microcredit client for ten years now and has always paid on time.



His previous loans helped him improve his business as a carpenter and start a new work which was the cocktail shop. Mouhamad is very satisfied and grateful for the opportunity to work with Al Majmoua. His clients are his family members, friends and neighbors. In the future, he plans on purchasing the cocktail shop.


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Journal entries for Mouhamad


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

Thank you for your loan. It has been disbursed to Mouhamad 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 Saida - South, Lebanon
Feb 23, 2009
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Kiva Help Repayment Schedule for Mouhamad

  Expected Repayments Actual Repayments Comments
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 $84.00 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 $83.33 Available Mar 1  
April 2010 $83.37 Available Apr 1