Rami
Status: Paying Back
| $2,000.00 | Loan Amount |
|---|
58% repaid
About the Entrepreneur
(For privacy reasons, the Field Partner has requested that last name be undisclosed)| Name: | Rami |
|---|---|
| Location: | Borj Barajneh, Lebanon |
| Activity: | Bakery |
About the Loan
| Loan Amount: | $2,000.00 |
|---|---|
| Loan Use: | to purchase raw materials and have some liquidity |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | N/A
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| Date Listed: | Apr 3, 2009 |
| Date Disbursed: | Mar 16, 2009 |
| Date Funded: | Apr 9, 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: | 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) |
Rami is a 43-year-old man who lives in Bourj El Barajneh, in the southern suburbs of Lebanon, with his wife. Rami owns a bakery. He makes “saj”and “mankoucheh”. The “saj” is the metal oven where you make the saj bread. It's a traditional Lebanese cooking dome used to make Markouk (“thinned”) bread and doughy confections or Mankoucheh. A mankoucheh looks like a folded pizza, most common toppings are zaatar (thyme), jebneh (cheese) and lahm bi ajin (minced meat). You can eat it anytime of the day, but somehow it tastes better in the morning.
Rami requested a loan of 2000 US dollars from Al Majmoua in order to purchase raw materials such as oil, flour, thyme, cheese, and to have some liquidity. This is his second loan cycle and he has always paid on time.
His previous loan helped him improve his bakery. His clients are his friends and neighbors. When Rami first started his business, he had to face competition. He decided on doing his business because he wanted to improve his financial situation. In the future, he plans on improving his business.
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Journal entries for Rami
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Loan has been disbursed
Location: Borj Barajneh, Lebanon
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Posted by
from Borj Barajneh, Lebanon
Apr 10, 2009 |
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Comment on this entry
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Repayment Schedule for Rami
Repayment Schedule for Rami
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| June 2009 | $166.67 | $167.00 |  Repayment Received
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| July 2009 | $166.67 | $167.00 | Repayment Received
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| August 2009 | $166.67 | $172.00 | Repayment Received
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| September 2009 | $166.67 | $166.00 | Repayment Received
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| October 2009 | $166.67 | $166.00 | Repayment Received
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| November 2009 | $166.67 | $166.00 | Repayment Received
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| December 2009 | $166.67 | $166.00 | Repayment Received
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| January 2010 | $166.67 | Available Jan 1 | |||
| February 2010 | $166.67 | Available Feb 1 | |||
| March 2010 | $166.67 | Available Mar 1 | |||
| April 2010 | $166.67 | Available Apr 1 | |||
| May 2010 | $166.63 | Available May 1 | |||
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