Only God Group


Status: Paying Back

$1,200.00   Loan Amount
35% repaid

About the Group

Group Name: Only God Group
Group Members: Lafayette Cole
Isaac Boimah
Samuel Zoe
Wreejay Diggs
Amos Smith
Location: South Of Monrovia, Liberia
Activity: Used Clothing

About the Loan

Loan Amount: $1,200.00
Loan Use: to purchase more used clothing bales wholesale
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 19, 2009
Date Disbursed: Sep 8, 2009
Date Funded:Sep 21, 2009

About the Country

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



Only God is group of 5 borrowers led by Lafayette Cole, 58 years old and a junior high school drop-out due to poverty. He is married with 4 children aged 15-35 and their educational levels are 6th-11th grade.



Lafayette lives and work on Gurley Street, east of downtown Monrovia, Liberia. Gurley Street is known to be a very rough street, where local night clubs, motels, and liquor shops are located, therefore most parents in that community don’t care for their children appropriately, and this has a negative impact on their lives.




Lafayette’s business is buying used clothing bales wholesale and selling the clothing retail to the residents of Gurley Street. He started this business with a small amount of capital but with courage and seriousness, he is making his business move forward.



Lafayette has been running this business for 22 years because it is what he feeds the family and pays his children's school fees from. Lafayette sells good quality clothing and has a good approach to customers; that is the secret to the growth of his business. He need this loan to purchase more used clothing bales wholesale to grow this business into a bigger one.



Lafayette’s goal is to own a used clothing store and expand. His dream is to give his children a quality education and improve his own and his family’s lives.







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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Douglas
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Robin
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Journal entries for Only God Group


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

Thank you for your loan. It has been disbursed to Only God Group, consisting of Lafayette Cole, Isaac Boimah, Samuel Zoe, Wreejay Diggs, Amos Smith 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 22, 2009
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Kiva Help Repayment Schedule for Only God Group

  Expected Repayments Actual Repayments Comments
November 2009 $141.18 $141.18 Repayment Received
December 2009 $282.35 $282.35 Repayment Received
January 2010 $282.35 Available Jan 1  
February 2010 $352.94 Available Feb 1  
March 2010 $141.18 Available Mar 1