Vision 2 Group


Status: Paying Back

$425.00   Loan Amount
35% repaid

About the Group

Group Name: Vision 2 Group
Group Members: Hawa Quaqui
Jaja Konneh
Henah Sheriff
Momo Dukuly
Varney massaley
Location: Monrovia North, Liberia
Activity: General Store

About the Loan

Loan Amount: $425.00
Loan Use: in order to purchase more dry goods 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



'Vision 2' is a group of 5 borrowers led by Hawa Quaqui, 39 years old, a widow with 5 children, aged 4-18 years old. Their educational levels are nursery to 9th grade. Hawa is a high school graduate but couldn't continue her education because of early pregnancy. Later, when Hawa's husband died, she had to be responsible for her children. The business has been a great help to her family.

Hawa lives and works in Perry town, Sonnie yard, which is a poor community that depends on the government to take care of them; it is in the north of Monrovia, Liberia.

Hawa’s business is dry goods. She purchases goods like oil, candles, matches, bleach, etc. wholesale and sells retail to the residents of Perry town, Sonnie yard, Monrovia, Liberia. She has been running this business for over 10 years and started the business with a small working capital but is doing fine in business.

Her difficulty was when a thief broke into her house and stole her business capital. She nearly got discouraged but she realised that she didn't have anyone to help her but the business, so she continued striving.

Hawa brings good products to the market, and she also has good relations with her customers so as to encourage them to always come to buy from her. She needs this loan in order to purchase more dry goods wholesale and acquire more profit and expand her business. Hawa has hopes of growing her business and becoming a successful businesswoman. And she dreams of her and her children becoming a successful family in the 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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Lenders to this group

Sheri
Carlsbad, CA
United States

Richard
Irvine, CA
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Mr. Schipper's Class
Salinas, Ca
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Anonymous
Benedita,
Portugal

Eric
North Little Rock, AR
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John
Warlingham, Surrey
United Kingdom

Nigel
London, England
United Kingdom

Jennifer
toronto, Ontario
Canada

Gregory
hartsdale, NY
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Robert
Seattle, WA
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Barb
Cape May Court House, NJ
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Journal entries for Vision 2 Group


Loan has been disbursed
 
Entrepreneur: Vision 2 Group
Location: Monrovia North, Liberia

Thank you for your loan. It has been disbursed to Vision 2 Group, consisting of Hawa Quaqui, Jaja Konneh, Henah Sheriff, Momo Dukuly, Varney massaley 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 Vision 2 Group

  Expected Repayments Actual Repayments Comments
November 2009 $50.00 $50.00 Repayment Received
December 2009 $100.00 $100.00 Repayment Received
January 2010 $100.00 Available Jan 1  
February 2010 $125.00 Available Feb 1  
March 2010 $50.00 Available Mar 1