Fadi
Status: Paying Back
| $2,500.00 | Loan Amount |
|---|
58% repaid
About the Entrepreneur
(For privacy reasons, the Field Partner has requested that last name be undisclosed)| Name: | Fadi |
|---|---|
| Location: | Tripoli - North, Lebanon |
| Activity: | Auto Repair |
About the Loan
| Loan Amount: | $2,500.00 |
|---|---|
| Loan Use: | To purchase merchandise and equipment for his business. |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | N/A
 |
| Date Listed: | Apr 3, 2009 |
| Date Disbursed: | Mar 17, 2009 |
| Date Funded: | Apr 20, 2009 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Al Majmoua Lebanese Association for Development |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 26 months |
| Kiva Entrepreneurs: | 1783 |
| Total Loans: | $1,855,000 |
| Delinquency Rate: | 0.75% |
| 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) |
Fadi, 36, resides in Tripoli, northern Lebanon with his wife and their four children. Fadi has worked as a car repairer for 28 years and is requesting a loan of $2500 from Al Majmoua to purchase merchandise, a generator, and car oil for his work. Fadi has been a microcredit client for eight years now and has always repaid on time.
His previous loans helped him improve his garage as well as his financial situation. Fadi is special in his work because of the relationship he has established with his clients since taking over his father’s work, and his clients know him well. He decided on this business because of his aptitude for it and his considerable experience in the field, having learned a great deal since beginning this work as a child. In the future, he plans to open a car oil-changing shop and expand his garage.
His previous loans helped him improve his garage as well as his financial situation. Fadi is special in his work because of the relationship he has established with his clients since taking over his father’s work, and his clients know him well. He decided on this business because of his aptitude for it and his considerable experience in the field, having learned a great deal since beginning this work as a child. In the future, he plans to open a car oil-changing shop and expand his garage.
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Journal entries for Fadi
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Loan has been disbursed
Location: Tripoli - North, Lebanon
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Posted by
from Tripoli - North, Lebanon
Apr 21, 2009 |
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Comment on this entry
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Repayment Schedule for Fadi
Repayment Schedule for Fadi
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| June 2009 | $208.33 | $209.00 |  Repayment Received
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| July 2009 | $208.33 | $209.00 | Repayment Received
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| August 2009 | $208.33 | $210.00 | Repayment Received
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| September 2009 | $208.33 | $208.00 | Repayment Received
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| October 2009 | $208.33 | $208.00 | Repayment Received
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| November 2009 | $208.33 | $208.00 | Repayment Received
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| December 2009 | $208.33 | $208.00 | Repayment Received
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| January 2010 | $208.33 | Available Jan 1 | |||
| February 2010 | $208.33 | Available Feb 1 | |||
| March 2010 | $208.33 | Available Mar 1 | |||
| April 2010 | $208.33 | Available Apr 1 | |||
| May 2010 | $208.37 | Available May 1 | |||
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