Hussain


Status: Paying Back

$1,200.00   Loan Amount
66% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Hussain
Location: Zawtar Al Gharbiah, Lebanon
Activity: Construction

About the Loan

Loan Amount: $1,200.00
Loan Use: Buy scaffolding
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Mar 2, 2009
Date Disbursed: Feb 12, 2009
Date Funded:Mar 2, 2009

About the Country

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



Hussein is a 34-year-old married man with two children, living in Zawtar Al Gharbiah in southern Lebanon. He works as a construction worker, specialized in floor tiles. He already had a micro-loan from Ameen, which was used to buy a floor tile polisher. Today, he is requesting to borrow US$ 1,200 in order to buy scaffolding.









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Journal entries for Hussain


Loan has been disbursed
 
Entrepreneur: Hussain
Location: Zawtar Al Gharbiah, Lebanon

Thank you for your loan. It has been disbursed to Hussain by Ameen s.a.l. in Lebanon. We are excited to watch this business grow. Over the 12 months of this loan, Ameen s.a.l. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Zawtar Al Gharbiah, Lebanon
Mar 3, 2009
Comments (1)

Hussain buys tools and material
 
Entrepreneur: Hussain
Location: Zawtar Al Gharbiah, Lebanon

We recently visited Hussain at one of the construction sites where he is building a stone wall. He used the loan proceeds to buy some tools and stone for the project. A good part of Hussain’s need to take a loan was to provide working capital for his business which often involves buying materials before receiving any payments for his work.

Hussain employs one or two people at any given time. His workers help with the construction. In the future, he hopes to be able to invest in heavier machinery, such as a bobcat, and to reduce his physical labor.

Hussain’s business is in Nabatiyeh, in the south of Lebanon. Nabatiyeh is a large town and is the capital of the governorate of the same name. Lebanon is divided into six governorates. The town has a population of about 120,000 and is an important economic and cultural focal point of the region.

About Ameen:

Ameen was established in 1999 in Lebanon as a micro-credit program funded by USAID, under the patronage of CHF International. CHF is a non-profit organization working in more than 35 countries. Evolving successfully to a separate company, Ameen today is a Lebanese financial institution specialized in microfinance. Ameen’s goal is to contribute to the economic and social development of the community.

Ameen provides financial services to micro-entrepreneurs and low-income households to help them develop their businesses and improve their living standards. Ameen offers loans for small businesses, housing and consumer needs. Ameen's beneficiaries work in a variety of sectors and include activities such as handcraft, trade, services, small industries and agriculture to name a few.

Since Ameen’s inception, over 26,000 micro-entrepreneurs and low-income households have benefited from its services, with more than 68 million US dollars disbursed representing over 52,000 loans. Supported by a dedicated team of professionals, Ameen currently partners with four local banks in more than 67 branches with an outreach spreading all over Lebanon, from Beirut and its suburbs, to the Bekaa valley, the South, Mount Lebanon and the North.

Click here to make a loan to an Ameen borrower.


Posted by Nemr Kanafani from Zawtar Al Gharbiah, Lebanon
Apr 3, 2009
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Kiva Help Repayment Schedule for Hussain

  Expected Repayments Actual Repayments Comments
May 2009 $100.00 $100.00 Repayment Received
June 2009 $100.00 $98.00 Repayment Received
July 2009 $100.00 $100.00 Repayment Received
August 2009 $100.00 $100.55 Repayment Received
September 2009 $100.00 $100.00 Repayment Received
October 2009 $100.00 $100.70 Repayment Received
November 2009 $100.00 $100.00 Repayment Received
December 2009 $100.00 $100.75 Repayment Received
January 2010 $100.00 Available Jan 1  
February 2010 $100.00 Available Feb 1  
March 2010 $100.00 Available Mar 1  
April 2010 $100.00 Available Apr 1