Mouhamad
Status: Paying Back
| $1,000 |
Loan Request
Disbursed
: Feb 23, 2009
Listed: Feb 21, 2009
Funded: Feb 21, 2009
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83% repaid
About the Field Partner
| Al Majmoua Lebanese Association for Development administers this loan. Learn more | |||||||
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| Field Partner: | Al Majmoua Lebanese Association for Development | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Active | ||||||
| Time on Kiva: | 28 months | ||||||
| Kiva Entrepreneurs: | 2027 | ||||||
| Total Loans: | $2,237,150 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
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| Delinquency Rate: | 3.70% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Lebanon |
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| 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: | Saida - South, Lebanon | Repayment Term: | 14 months (more info) |
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| Activity: | Pub | Repayment Schedule: | Monthly | |
| Loan Use: | Mouhamad will use the loan to purchase merchandise for his cocktail shop as well as change its décor. | Currency Exchange Loss: | N/A | |
| Default Protection: | Not Covered |
Mouhamad is a 53-year-old man who lives in Saida, Southern Lebanon with his wife and their child. Mouhamad is a carpenter and he has owned a cocktail shop. Mouhamad requested a loan of 1000 US dollars from Al Majmoua in order to purchase merchandise for his cocktail shop as well as change its décor. Mouhamad has been a microcredit client for ten years now and has always paid on time.
His previous loans helped him improve his business as a carpenter and start a new work which was the cocktail shop. Mouhamad is very satisfied and grateful for the opportunity to work with Al Majmoua. His clients are his family members, friends and neighbors. In the future, he plans on purchasing the cocktail shop.
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Journal entries for Mouhamad
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Loan has been disbursed
Location: Saida - South, Lebanon
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Posted by
from Saida - South, Lebanon
Feb 23, 2009 |
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Comment on this entry
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Repayment Schedule for Mouhamad
Repayment Schedule for Mouhamad
| Expected Repayments | Actual Repayments | Comments | |||
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| May 2009 | $83.33 | $84.00 |  Repayment Received
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| June 2009 | $83.33 | $84.00 | Repayment Received
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| July 2009 | $83.33 | $84.00 | Repayment Received
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| August 2009 | $83.33 | $84.00 | Repayment Received
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| September 2009 | $83.33 | $83.00 | Repayment Received
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| October 2009 | $83.33 | $83.00 | Repayment Received
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| November 2009 | $83.33 | $83.00 | Repayment Received
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| December 2009 | $83.33 | $83.00 | Repayment Received
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| January 2010 | $83.33 | $83.00 | Repayment Received
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| February 2010 | $83.33 | $83.00 | Repayment Received
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| March 2010 | $83.33 | Available Mar 1 | |||
| April 2010 | $83.37 | Available Apr 1 | |||
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