Airfield Short Cut Group


Status: Paying Back

$575.00   Loan Amount
35% repaid

About the Group

Group Name: Airfield Short Cut Group
Group Members: Edwina Devine
Jenneh Kanneh
Girtu Jones
Fatu Kawa
Lovetta Kaiwah
Location: South Of Monrovia, Liberia
Activity: Charcoal Sales

About the Loan

Loan Amount: $575.00
Loan Use: to purchase more charcoal to fill her warehouse
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 19, 2009

About the Country

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



Airfield Short Cut is a group of 5 borrowers led by Edwina Devine, 35 years old and also a junior student of the Smart Institute (an academy and training college). She is a single mother with 4 children aged 9-18 years old; their educational levels are 4th-10th grade. She also cares for 4 siblings.



Edwina lives in the Airfield Shortcut area. It is north of downtown Monrovia, Liberia. It’s a community with mixed poor and middle class Liberians.



Edwina’s business is, she buys charcoal wholesale and sells retail to the residents of Airfield Shortcut. She has been running this business for 3 years and she is grateful to this business because both her own and the children’s school fees and their food comes from her business.




Edwina started this business with a small amount of capital but now owns a warehouse and wants to go forward and expand her business. Her good relations with her customers made her reach this far, and she wants to become a big businesswoman, travelling out of country to bring different kinds of goods to Liberia.



Edwina needs the loan to purchase more charcoal to fill her warehouse and make more profit to increase her capital.
She dreams of graduating from university and giving her children a education for their 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 Airfield Short Cut Group


Loan has been disbursed
 
Entrepreneur: Airfield Short Cut Group
Location: South Of Monrovia, Liberia

Thank you for your loan. It has been disbursed to Airfield Short Cut Group, consisting of Edwina Devine, Jenneh Kanneh, Girtu Jones, Fatu Kawa, Lovetta Kaiwah 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 20, 2009
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Kiva Help Repayment Schedule for Airfield Short Cut Group

  Expected Repayments Actual Repayments Comments
November 2009 $67.65 $67.65 Repayment Received
December 2009 $135.29 $135.29 Repayment Received
January 2010 $135.30 Available Jan 1  
February 2010 $169.11 Available Feb 1  
March 2010 $67.65 Available Mar 1