Try And See #1 Group


Status: Paying Back

$300.00   Loan Amount
62% repaid

About the Group

Group Name: Try And See #1 Group
Group Members: Krubo kenedy
Bobby Mulbah
Nancy Sloon
Krubo Lyea
Amenata Kamara
Location: Lofa Co. Northern Liberia, Liberia
Activity: Bakery

About the Loan

Loan Amount: $300.00
Loan Use: To purchase of raw materials in order to increase her inventory to meet customer demands for baked goods
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



Try And See #1 consists of a group of five borrowers, led by Krubo Kenedy, who is from Zorzor, Lofa County, Liberia. Krubo and her husband were escaping from the war when they were attacked in an ambush; he did not survive. Krubo is 41 years old. She had eight children but four died during the war. Her four children are aged nine to 25 and all live with her. The 25 year-old is still in high school. She also cares for two orphans of unknown parentage. Krubo now lives in nearby Borkeza Town.

Krubo’s has a bakery, where she makes bread, chips, and other products. With the loan she hopes to purchase raw materials to increase her inventory to meet customer demand. She sells her goods in the Bokeza market and other markets. She has been running her business for the past two years. Her products are sought-out by customers because of their taste. With the profits, she will invest in the business to expand it and also to improve the bakery to make it safe for her staff (fire pit). She also hopes to take care of her four kids and two orphans to continue school.




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

MARK and FIONA
LARGS, SCOTLAND
United Kingdom

Berry
Wyoming,
United States

Bhanu Mullapudi
Bellevue, WA
United States

Johan
Stockholm,
Sweden

Anonymous
Evanston, IL
United States

Jean
Santa Fe, NM
United States

Geoff

Christmas Island

Stephanie
Somerville, MA
United States

Raffaella
ravenna, Ravenna
Italy

Verde Somos Nós

Portugal

Breianne
Long Beach, CA
United States



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Journal entries for Try And See #1 Group


Loan has been disbursed
 
Entrepreneur: Try And See #1 Group
Location: Lofa Co. Northern Liberia, Liberia

Thank you for your loan. It has been disbursed to Try And See #1 Group, consisting of Krubo kenedy, Bobby Mulbah , Nancy Sloon , Krubo Lyea , Amenata Kamara 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 Try And See #1 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