Youssef

Status: Paying Back

$1,600
Loan Request
Pre-Disbursed : Apr 14, 2009
Listed: Jul 1, 2009
Funded: Jul 21, 2009
66% repaid

About the Country

Country:Lebanon
Avg Annual Income:$5,900
Currency:United States Dollars (USD)


About the Loan

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Location: Tyre, South, Lebanon   Repayment Term: 14 months
(more info)
Activity: Laundry   Repayment Schedule: Monthly
Loan Use: To buy tools for a laundry business   Currency Exchange Loss: N/A
      Default Protection: Not Covered
Youssef is a 34-year-old man who lives in Tyre, southern Lebanon with his wife and their six children. Youssef has owned a laundry since 2004. He requested a loan of US $1600 from Al Majmoua in order to purchase tools for his work. This is his fourth loan cycle and he has always paid on time.


His previous loan helped him improve his business, as well as his financial situation. Youssef is special in his work because he does it well and knows how to treat his clients. His clients are his friends, neighbors and people from his region. When he first started his business, he didn’t have a lot of machines. He decided on doing his business because he bought the laundry form someone. In the future, he plans on improving his business.



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Journal entries for Youssef


Loan has been disbursed
 
Entrepreneur: Youssef
Location: Tyre, South, Lebanon

Thank you for your loan. It has been disbursed to Youssef 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 Tyre, South, Lebanon
Jul 22, 2009
Comment on this entry

Kiva Help Repayment Schedule for Youssef

  Expected Repayments Actual Repayments Comments
September 2009 $399.99 $403.00 Repayment Received
October 2009 $133.33 $133.00 Repayment Received
November 2009 $133.33 $133.00 Repayment Received
December 2009 $133.33 $133.00 Repayment Received
January 2010 $133.33 $133.00 Repayment Received
February 2010 $133.33 $133.00 Repayment Received
March 2010 $133.33 Available Mar 1  
April 2010 $133.33 Available Apr 1  
May 2010 $133.33 Available May 1  
June 2010 $133.37 Available Jun 1