Put Hands Together Group


Status: Paying Back

$300.00   Loan Amount
62% repaid

About the Group

Group Name: Put Hands Together Group
Group Members: Weedor Momo
Korpo Mama
Mawalay Sirway
Mama Gbolu
Chaler Tarnue
Location: Lofa Co. Northern Liberia, Liberia
Activity: General Store

About the Loan

Loan Amount: $300.00
Loan Use: To purchase additional inventory so that she can run a small store out of her house instead of traveling each day to markets in nearby villages
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 30, 2009
Date Disbursed: Aug 21, 2009
Date Funded:Aug 30, 2009

About the Country

Country:Liberia
Avg Annual Income:$500.00
Currency:Liberia Dollars (LRD)
Exchange Rate:71.5500 LRD = 1 USD



Put Hands Together is a group of five borrowers, led by Weedor Momo, who is from Zorzor, Lofa County, Liberia. Weedor is 42 years old with five children, aged 14 to 23 years old. None of the children has gone to school. Weedor was forced to drop out of high school and was given to an elderly man as one of his many wives. The children weren’t allowed to attend school since as the last of his wives, this opportunity was not granted. She also cares for her four nephews because her brother was killed in the civil war, along with her first husband. She now lives in nearby Borkeza Town.

Weedor’s business consists of selling dry goods, including food items, clothing, and housewares, in the Bokeza market in a stall alongside other vendors. She has been running her business for the past two years. She’s requesting a loan to purchase additional inventory so that she can run a small store out of her house instead of traveling each day to markets in nearby villages. She treats her customers so well that she believes they will come to her larger store run out of her house. In the long-term, she wants to build a boarding home, to complement her shop, for displaced victims of the war.




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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Lenders to this group

Bhanu Mullapudi
Bellevue, WA
United States

Geoff

Christmas Island

Jenny
Washington, DC
United States

Stephanie
Somerville, MA
United States

David & Margaret
Auckland, Auckland
New Zealand

Sheree
Austin, TX
United States

josh
greatham, Hampshire
United Kingdom

Howard & Jillian
Vence,
France

Jackie

Canada

Mark
Oconomowoc, WI
United States

Anonymous
Calgary, Alberta
Canada



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Journal entries for Put Hands Together Group


Loan has been disbursed
 
Entrepreneur: Put Hands Together Group
Location: Lofa Co. Northern Liberia, Liberia

Thank you for your loan. It has been disbursed to Put Hands Together Group, consisting of Weedor Momo, Korpo Mama , Mawalay Sirway , Mama Gbolu , Chaler Tarnue by Local Enterprise Assistance Program (LEAP), a partner of World Hope International and World Relief 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 and World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lofa Co. Northern Liberia, Liberia
Aug 31, 2009
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Kiva Help Repayment Schedule for Put Hands Together Group

  Expected Repayments Actual Repayments Comments
October 2009 $18.75 $18.75 Repayment Received
November 2009 $75.00 $75.00 Repayment Received
December 2009 $93.75 $93.75 Repayment Received
January 2010 $75.00 Available Jan 1  
February 2010 $37.50 Available Feb 1