Faithful Women Group


Status: Paid Back

$300.00   Loan Request
$300.00   Paid Back

About the Group

Group Name: Faithful Women Group
Group Members: Sarah Kumba
Sia Tamba
Agnes Mentay
Mary Mulbah
Allison Massa
Location: Monrovia, Liberia
Activity: Home Products Sales

About the Loan

Loan Amount: $300.00
Loan Use: 13-20 dozen new sets of dishes for resale
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



Sarah is a 48-year-old woman. She never went to school because she grew up deep in the interior of Liberia. Sarah has 4 children that she raised until they were so big they left the house and 2 children that she is still working on raising in her home. All of her children were able to attend school (unlike her) and she made sure to send them to private school so that they could have a quality education.

Sarah’s business is selling plastic dishes in the market. She has been doing this for 4 years. She says that she attracts customers by talking sweet to them and making them laugh. She dreams that her business will continue to grow so that she can support the rest of her children through school.

With the loan she is requesting, she will be able to restock her dishes. Because the currency is ever changing, Sarah does not have a specfic number of containers of dishes that she plans to buy. She hopes that the money will stretch to allow her to purchase 13-20 dozen.



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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amy
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Esmat
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Journal entries for Faithful Women Group


Loan has been disbursed
 
Entrepreneur: Faithful Women Group
Location: Monrovia, Liberia

Thank you for your loan. It has been disbursed to Faithful Women Group, consisting of Sarah Kumba, Sia Tamba, Agnes Mentay, Mary Mulbah, Allison Massa 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 Faithful Women Group

  Expected Repayments Actual Repayments Comments
September 2009 $75.00 $75.00 Repayment Received
October 2009 $75.00 $75.00 Repayment Received
November 2009 $75.00 $75.00 Repayment Received
December 2009 $75.00 $75.00 Repayment Received