Be Faithful Group


Status: Paying Back

$350.00   Loan Amount
35% repaid

About the Group

Group Name: Be Faithful Group
Group Members: Helen Washington
Lovetee Diggs
Victoria Kerkulah
Neomi Thomas
Abu Korvah
Location: Monrovia North, Liberia
Activity: Food Market

About the Loan

Loan Amount: $350.00
Loan Use: to purchase more oil wholesale
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 29, 2009
Date Disbursed: Sep 8, 2009
Date Funded:Sep 29, 2009

About the Country

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



'Be Faithful' is a group of 5 borrowers led by Helen Washington, 46 years old, a widow with 6 children aged 10-28 years old. Their educational levels are 1st grade through high school graduate. Helen also cares for 2 orphans. Helen is a 9th grade drop-out due to lack of support.

She lives around the Baby-mom junction, Perry Town community, north of the capital, Monrovia, Liberia. Perry Town is a community that is very crowded and is also full of people who can’t afford a daily meal.

Helen’s business is selling palm oil retail in the Duala market, north of Monrovia, Liberia. She has been running this business for 4 years and saving her profit is what makes her still be able to maintain her business. She also talks to her customers nicely, and that is another method she uses to get customers.

Helen needs this loan in order to purchase more oil wholesale to sell to gain more profit. She is hoping to become a successful businesswoman and dreams of educating her children to higher levels.







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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William
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Laura
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Journal entries for Be Faithful Group


Loan has been disbursed
 
Entrepreneur: Be Faithful Group
Location: Monrovia North, Liberia

Thank you for your loan. It has been disbursed to Be Faithful Group, consisting of Helen Washington, Lovetee Diggs, Victoria Kerkulah, Neomi Thomas, Abu Korvah 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 Monrovia North, Liberia
Sep 30, 2009
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Kiva Help Repayment Schedule for Be Faithful Group

  Expected Repayments Actual Repayments Comments
November 2009 $41.18 $41.18 Repayment Received
December 2009 $82.35 $82.35 Repayment Received
January 2010 $82.35 Available Jan 1  
February 2010 $102.94 Available Feb 1  
March 2010 $41.18 Available Mar 1