Contact Group


Status: Paying Back

$350.00   Loan Amount
23% repaid

About the Group

Group Name: Contact Group
Group Members: Batu Gbanjah
Teta Kesseley
Momolu Se
Yei Kannie
Manu Tamba
Location: Monrovia North, Liberia
Activity: Food Market

About the Loan

Loan Amount: $350.00
Loan Use: To buy new goods to improve her business
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 12, 2009
Date Disbursed: Sep 23, 2009
Date Funded:Oct 12, 2009

About the Country

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



Contact Group is a group of five borrowers led by Batu Gbanjah. She is 45 years old and the single mother of seven children aged 8 to 22 years old with educational levels of 4th through 12th grade. Batu is illiterate due to poverty. She and her family live in Banjour, a newly-built community for poor people who can't afford to buy town lots. It is situated in Virginia, north of Monrovia, the capital of Liberia.

Batu’s business is selling food ingredients. She buys food ingredients wholesale like salt, seasoning, bouillon cubes, onions, tomato paste, etc., and sells retail to the residents of Banjour. She has been running this business for three years and hopes to get into a used car business and become one of the biggest businesswomen in Liberia.

Everyone at Batu's business place sells the same goods and that makes for competition. To counter this, she parcels her goods in bigger quantities and differently from other vendors and she also gives her customers a good approach in order to get more customers.

Batu needs this loan in order to purchase new goods to improve her business. She dreams of giving her children a better education to prepare them for 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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Journal entries for Contact Group


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

Thank you for your loan. It has been disbursed to Contact Group, consisting of Batu Gbanjah, Teta Kesseley, Momolu Se, Yei Kannie, Manu Tamba 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
Oct 13, 2009
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Kiva Help Repayment Schedule for Contact Group

  Expected Repayments Actual Repayments Comments
December 2009 $82.35 $82.35 Repayment Received
January 2010 $82.36 Available Jan 1  
February 2010 $102.94 Available Feb 1  
March 2010 $82.35 Available Mar 1