Samfien Augustine


Status: Paying Back

$225.00   Loan Amount
41% repaid

About the Entrepreneur

Name: Samfien Augustine
Location: Nganti, Belo, N.w. Region, Cameroon
Activity: Pigs

About the Loan

Loan Amount: $225.00
Loan Use: To buy two piglets, pig feed, fencing and to pay for farm labor
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 2, 2009
Date Disbursed: Jun 10, 2009
Date Funded:Jun 2, 2009

About the Country

Country:Cameroon
Avg Annual Income:$2,421.00
Currency:Communauté Financière Africaine Francs BEAC (XAF)
Exchange Rate:462.8944 XAF = 1 USD



Augustine is married to two wives and has six children. Augustine not only has a farm, but also raises pigs. With this loan, he plans to purchase two piglets, three bags of pig feed, fencing and labor to clear his farm.

Augustine believes his business will succeed because he works hard and is honest with his customers. Having had failure with his business in the past, he knows what does not work.

This is Augustine’s second loan from GHAPE since he became a beneficiary in 2007. With the profits from this loan he will pay for his children’s school fees and provide for his family needs. Augustine takes out GHAPE loans because the conditions of GHAPE membership require you to pay back the loan in regular, small installments, which works well for Augustine.


About GHAPE
The Grounded and Holistic Approach to People's Empowerment (GHAPE) is a non-profit NGO based in Bamenda, Cameroon. GHAPE works towards the empowerment of the poor and poverty alleviation through a highly multi-faceted approach. Every client is trained in business management, basic health, life skills, financial management, profits and losses, and family values. Clients are also required to contribute a small amount into a personal savings account; most clients save much more than the minimum requirement. GHAPE instils a sense of family and community within its clients and staff and has developed a strong bond of trust between the organization and its clients.


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GHAPEfan
www.ghape.org/index.htm, USA
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Journal entries for Samfien Augustine


Loan has been disbursed
 
Entrepreneur: Samfien Augustine
Location: Nganti, Belo, N.w. Region, Cameroon

Thank you for your loan. It has been disbursed to Samfien Augustine by Grounded and Holistic Approach for People's Empowerment (GHAPE) in Cameroon. We are excited to watch this business grow. Over the 11 months of this loan, Grounded and Holistic Approach for People's Empowerment (GHAPE) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Nganti, Belo, N.w. Region, Cameroon
Jun 10, 2009
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Kiva Help Repayment Schedule for Samfien Augustine

  Expected Repayments Actual Repayments Comments
August 2009 $18.76 $18.75 Repayment Received
September 2009 $18.76 $18.75 Repayment Received
October 2009 $18.76 $18.78 Repayment Received
November 2009 $18.76 $18.76 Repayment Received
December 2009 $18.76 $18.76 Repayment Received
January 2010 $18.76 Available Jan 1  
February 2010 $18.76 Available Feb 1  
March 2010 $18.76 Available Mar 1  
April 2010 $18.76 Available Apr 1  
May 2010 $18.76 Available May 1  
June 2010 $18.76 Available Jun 1  
July 2010 $18.64 Available Jul 1