God's Mercy Group


Status: Paying Back

$1,550.00   Loan Amount
35% repaid

About the Group

Group Name: God's Mercy Group
Group Members: Marie Samukai
Siah Samukai
James T. Korteh
Prince T. Banneh
Siah Morris
Location: South Of Monrovia, Liberia
Activity: General Store

About the Loan

Loan Amount: $1,550.00
Loan Use: To purchase more goods
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 26, 2009
Date Disbursed: Sep 10, 2009
Date Funded:Sep 28, 2009

About the Country

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



God's Mercy is a group of five borrowers led by Marie Samukai. She is 40 years old and married with four children aged 8-23 years old. Their educational levels are 8th grade through high school graduate. Marie also cares for two siblings. Marie graduated from high school but couldn't continue due to poverty. She lives in WestPoint close to down town Monrovia, Liberia. WestPoint is known for its population and its level when it comes to crime rate and poverty.

Marie's business is her provision shop. She buys goods like matches, candles, insecticides, bread, eggs, butter etc. wholesale and sells them at retail to the residents of WestPoint. Marie started this business with the sales of tomatoes, canned food and other simple goods on a table, but now she has grown to owning a shop. She has been running this business for more than 20 years. Marie feels what brought her this far is giving her customers good service and talking to them in a good manner so when they leave her they will always want to come and buy from her.
She needs this loan to purchase goods, have a good foundation and continue. Marie hopes to promote her business to a higher level and own a store. And she dreams of a big house for her and her family in order to change their lives completely.



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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Steve
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makomako

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Amy
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Joseph
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John
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Oisín
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Kate
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Dave
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Richard
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Brian
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Laurence
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Neil
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Ken

Marie
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Inês
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katie
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Anonymous
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Martha & Chuck
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Matthew
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Daniele
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Journal entries for God's Mercy Group


Loan has been disbursed
 
Entrepreneur: God's Mercy Group
Location: South Of Monrovia, Liberia

Thank you for your loan. It has been disbursed to God's Mercy Group, consisting of Marie Samukai, Siah Samukai, James T. Korteh, Prince T. Banneh, Siah Morris 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 29, 2009
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Kiva Help Repayment Schedule for God's Mercy Group

  Expected Repayments Actual Repayments Comments
November 2009 $91.18 $91.18 Repayment Received
December 2009 $455.88 $455.88 Repayment Received
January 2010 $364.70 Available Jan 1  
February 2010 $455.89 Available Feb 1  
March 2010 $182.35 Available Mar 1