Housni

Status: Paid Back

$1,000
Loan Request
Disbursed : Nov 14, 2008
Listed: Oct 31, 2008
Funded: Oct 31, 2008
$1,000
Paid Back
Ended: Jan 12, 2010

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: Bekaa, Lebanon   Repayment Term: 14 months
(more info)
Activity: Barber Shop   Repayment Schedule: Monthly
Loan Use: To purchase new hair cutting tools and redecorate his salon   Currency Exchange Loss: N/A
      Default Protection: Covered
Housni is a 30 year-old man who lives with his parents in the rural village of Rashaia in the Bekaa Valley.

Housni is a barber and owns a salon near his home. He wishes to purchase new salon supplies such as scissors and hair care products, and also wants to paint his store. Housni has requested a loan of 1000 US Dollars from Al Majmoua for this purpose. This will be Housni’s first loan with Al Majmoua.

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Journal entries for Housni


Loan has been disbursed
 
Entrepreneur: Housni
Location: Bekaa, Lebanon

Thank you for your loan. It has been disbursed to Housni 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 next 12 months, 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 Bekaa, Lebanon
Nov 15, 2008
Comment on this entry

News about Housni
 
Entrepreneur: Housni
Location: Bekaa, Lebanon

Housni has been working with Al Majmoua, Lebanese Association for Development for a year now. Housni owns a barber shop.His last loan is almost finished. He used the capital from his last loan, which was raised by Kiva lenders such as you, and disbursed by Al Majmoua, for a variety of purposes. Some of the money helped to purchase tools for his shop and some was used to repaint and arrange the decor of his shop. Housni explained to us that his previous loans from Al Majmoua have allowed him to continually restock his shop. Housni is very satisfied with his Kiva - Al Majmoua loan, and he is grateful for the opportunity this access to microfinance has provided him.

If you would like to continue funding Lebanese entrepreneurs like Housni, please visit Al Majmoua is currently funding loans.


Posted by Sarah Baba from Bekaa, Lebanon
Dec 24, 2009
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Kiva Help Repayment Schedule for Housni

  Expected Repayments Actual Repayments Comments
February 2009 $83.33 $83.33 Repayment Received
March 2009 $83.33 $83.33 Repayment Received
April 2009 $83.33 $83.33 Repayment Received
May 2009 $83.33 $83.33 Repayment Received
June 2009 $83.33 $83.32 Repayment Received
July 2009 $83.33 $83.33 Repayment Received
August 2009 $83.33 $83.33 Repayment Received
September 2009 $83.33 $83.34 Repayment Received
October 2009 $83.33 $83.33 Repayment Received
November 2009 $83.33 $83.33 Repayment Received
December 2009 $83.33 $83.33 Repayment Received
January 2010 $83.37 $83.37 Repayment Received