Jesus Never Fails Group


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Group

Group Name: Jesus Never Fails Group
Group Members: Orethra Howbolt
Beatrice Dennis
Jestina Howbolt
Patricia Keben
Hawa Kollie
Location: Monrovia, Liberia
Activity: Bakery

About the Loan

Loan Amount: $625.00
Loan Use: baking goods such as flour, baking soda, and also rice
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jun 26, 2009
Date Disbursed: Jun 25, 2009
Date Funded:Jun 26, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Liberia
Avg Annual Income:$500.00
Currency:Liberia Dollars (LRD)
Exchange Rate:70.5500 LRD = 1 USD



Orethra is 38-year-old woman who was never able to attend school – but who is now able to send her 5 children and the son of her late brother to a private school because of her business.

Orethra has a business selling homemade bread. She makes her bread at her house and then she walks around selling it. She says that people buy bread from her because her bread is very high quality.

Orethra believes that her business would grow significantly if she could open a store where she could be baking and selling from. This is one of the dreams that she has for the future. She hopes that if she is able to expand her business enough she will be able to build a home for her and her family.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Jesus Never Fails Group


Loan has been disbursed
 
Entrepreneur: Jesus Never Fails Group
Location: Monrovia, Liberia

Thank you for your loan. It has been disbursed to Jesus Never Fails Group, consisting of Orethra Howbolt, Beatrice Dennis, Jestina Howbolt, Patricia Keben, Hawa Kollie by Local Enterprise Assistance Program (LEAP), a partner of World Hope International in Liberia. We are excited to watch this business grow. Over the 3 months of this loan, Local Enterprise Assistance Program (LEAP), a partner of World Hope International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Monrovia, Liberia
Jun 27, 2009
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Kiva Help Repayment Schedule for Jesus Never Fails Group

  Expected Repayments Actual Repayments Comments
September 2009 $156.24 $156.24 Repayment Received
October 2009 $156.24 $156.24 Repayment Received
November 2009 $156.24 $156.24 Repayment Received
December 2009 $156.28 $156.28 Repayment Received