Ntowor Group


Status: Paying Back

$1,350.00   Loan Amount
58% repaid

About the Group

Group Name: Ntowor Group
Group Members: James Samah
Robert Tamba
Fayiah Zayzay
Kumba Fayiah
Kumba James
Location: South Of Monrovia, Liberia
Activity: Construction Supplies

About the Loan

Loan Amount: $1,350.00
Loan Use: To purchase more building materials at wholesale
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 11, 2009
Date Disbursed: Aug 13, 2009
Date Funded:Sep 15, 2009

About the Country

Country:Liberia
Avg Annual Income:$500.00
Currency:Liberia Dollars (LRD)
Exchange Rate:71.5000 LRD = 1 USD



Ntowor is a group of five borrowers, led by James Samah, who live and work in Westpoint, a very poor neighborhood near downtown Monrovia, Liberia. James is 42 years old, and married with five children aged 15-30. He also cares for his siblings. He is a 7th grade drop-out.

James’ business is his dry goods shop. He buys building materials such as locks, nails, glue, wood planks, etc. wholesale and then sells them to the residents of Westpoint in a small shop. He has been running his business for 19 years. His dream is to expand his business and become a big businessman. James is requesting a loan to buy more building materials to serve his customers in Westpoint. With the profits from his business, he dreams of sending his children to school so that they have a better future.










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 Ntowor Group


Loan has been disbursed
 
Entrepreneur: Ntowor Group
Location: South Of Monrovia, Liberia

Thank you for your loan. It has been disbursed to Ntowor Group, consisting of James Samah, Robert Tamba, Fayiah Zayzay, Kumba Fayiah, Kumba James 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 4 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 South Of Monrovia, Liberia
Sep 16, 2009
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Kiva Help Repayment Schedule for Ntowor Group

  Expected Repayments Actual Repayments Comments
November 2009 $397.06 $397.06 Repayment Received
December 2009 $397.06 $397.06 Repayment Received
January 2010 $317.64 Available Jan 1  
February 2010 $238.24 Available Feb 1