Majed
Status: Paying Back
| $1,200 |
Loan Request
Pre-Disbursed
: Feb 10, 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: | Tripoli - North, Lebanon | Repayment Term: | 14 months (more info) |
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| Activity: | Auto Repair | Repayment Schedule: | Monthly | |
| Loan Use: | Majed will use the loan to purchase tools for his work. | Currency Exchange Loss: | N/A | |
| Default Protection: | Not Covered |
Majed lives in Tripoli, northern Lebanon, with his wife and their child. Majed has been working as a car repairer for eighteen years. He repairs cars radiators. Majed requested a loan of 1200 US dollars from Al Majmoua in order to purchase tools for his work. This is the first time that Majed has requested a loan.
Majed is special in his work because of his experience in cars. His clients are his family members, friends and neighbors. Majed decided on doing his business because he wanted to be independent in his work. In the future, he plans on expanding his garage.
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Journal entries for Majed
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Loan has been disbursed
Location: Tripoli - North, Lebanon
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Posted by
from Tripoli - North, Lebanon
Feb 22, 2009 |
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Comment on this entry
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Repayment Schedule for Majed
Repayment Schedule for Majed
| Expected Repayments | Actual Repayments | Comments | |||
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| May 2009 | $100.00 | $100.00 |  Repayment Received
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| June 2009 | $100.00 | $100.00 | Repayment Received
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| July 2009 | $100.00 | $100.00 | Repayment Received
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| August 2009 | $100.00 | $200.00 | Repayment Received
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| September 2009 | $100.00 | $100.00 | Repayment Received
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| October 2009 | $100.00 | $0.00 | Repayment Received
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| November 2009 | $100.00 | $200.00 | Repayment Received
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| December 2009 | $100.00 | $0.00 | Repayment Received
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| January 2010 | $100.00 | $100.00 | Repayment Received
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| February 2010 | $100.00 | $100.00 | Repayment Received
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| March 2010 | $100.00 | Available Mar 1 | |||
| April 2010 | $100.00 | Available Apr 1 | |||
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