God Is Big Group


Status: Paying Back

$725.00   Loan Amount
23% repaid

About the Group

Group Name: God Is Big Group
Group Members: Jerome Jaye
Bendu Passeway
Susan Weah
Barraid Joseph
Fatu Mulbah
Location: South Of Monrovia, Liberia
Activity: Tailoring

About the Loan

Loan Amount: $725.00
Loan Use: in order to purchase textiles to sew more clothes
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 6, 2009
Date Disbursed: Sep 25, 2009
Date Funded:Oct 15, 2009

About the Country

Country:Liberia
Avg Annual Income:$500.00
Currency:Liberia Dollars (LRD)
Exchange Rate:72.0000 LRD = 1 USD



Jerome Jaye is the leader of a group of 5 borrowers called 'God is Big'. He is 28 years old, married with 2 children, aged 6 and 4 years old. Their educational levels are Kindergarten and 1st grade. He is a university student.



Jerome lives and works on Gurley Street, downtown Monrovia, Liberia. Jerome's business is tailoring. He sews quality clothes and sells them to the residents of downtown Monrovia, Liberia. He started this business with Ld$5000.00 and has been running the business for 5 years.



Jerome's good relations with his customers and quality materials he sews for customers make them always patronize his business.



He needs this loan in order to purchase more textiles to sew more clothes. He dreams of expanding his business to a clothing production company, so that he can educate his children and set a foundation for them.



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 God Is Big Group


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

Thank you for your loan. It has been disbursed to God Is Big Group, consisting of Jerome Jaye, Bendu Passeway, Susan Weah, Barraid Joseph, Fatu Mulbah 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
Oct 16, 2009
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Kiva Help Repayment Schedule for God Is Big Group

  Expected Repayments Actual Repayments Comments
December 2009 $170.59 $170.59 Repayment Received
January 2010 $170.59 Available Jan 1  
February 2010 $170.58 Available Feb 1  
March 2010 $213.24 Available Mar 1