Imad
Status: Paying Back
| $700.00 | Loan Amount |
|---|
About the Entrepreneur
(For privacy reasons, the Field Partner has requested that last name be undisclosed)| Name: | Imad |
|---|---|
| Location: | Saida - South, Lebanon |
| Activity: | Cafe |
About the Loan
| Loan Amount: | $700.00 |
|---|---|
| Loan Use: | Purchase merchandise for his shop. |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | N/A
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| Date Listed: | Apr 1, 2009 |
| Date Disbursed: | Mar 23, 2009 |
| Date Funded: | Apr 17, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Al Majmoua Lebanese Association for Development |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 1786 |
| Total Loans: | $1,860,200 |
| Delinquency Rate: | 0.74% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Lebanon |
|---|---|
| Avg Annual Income: | $5,900.00 |
| Currency: | United States Dollars (USD) |
Imad requests a loan of $700 from Al Majmoua to purchase merchandise for his shop like “Narguileh” and coal. Nargileh (also known as “Shisha” in Egypt) is an ancient tradition enjoyed by the people of the Middle East. A water pipe is used to smoke fruit flavored tobacco. Nargileh is enjoyed in cafes across the Middle East, and is beginning to gain popularity in the U.S, Europe and other countries.
This is the first time Imad has requested a loan. He is special in his work because his coffee shop is a nice and relaxing place. He knows how to treat his clients. When he first started his business, he didn’t have a lot of cash and didn’t have a lot of clients. Now that he is known, his coffee shop has been doing better.
Imad decided on doing this business because he always wanted to open a coffee shop and he also wanted to improve his family’s financial situation. In the future, he plans on purchasing the shop.
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Journal entries for Imad
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Loan has been disbursed
Location: Saida - South, Lebanon
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Posted by
from Saida - South, Lebanon
Apr 18, 2009 |
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Comment on this entry
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Repayment Schedule for Imad
Repayment Schedule for Imad
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| June 2009 | $58.33 | $59.00 |  Repayment Received
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| July 2009 | $58.33 | $59.00 | Repayment Received
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| August 2009 | $58.33 | $60.00 | Repayment Received
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| September 2009 | $58.33 | $58.00 | Repayment Received
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| October 2009 | $58.33 | $58.00 | Repayment Received
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| November 2009 | $58.33 | $58.00 | Repayment Received
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| December 2009 | $58.33 | $58.00 | Repayment Received
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| January 2010 | $58.33 | Available Jan 1 | |||
| February 2010 | $58.33 | Available Feb 1 | |||
| March 2010 | $58.33 | Available Mar 1 | |||
| April 2010 | $58.33 | Available Apr 1 | |||
| May 2010 | $58.37 | Available May 1 | |||
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