| $425.00 | Loan Amount |
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| Group Name: | Jesus Love Group |
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| Group Members: |
Jennes S. Karmon Marvelyn Kang Bendu Kume Roseline Johnson Kebah Quaye |
| Location: | Monrovia North, Liberia |
| Activity: | General Store |
| Loan Amount: | $425.00 |
|---|---|
| Loan Use: | To expand and improve her business by purchasing additional goods. |
| Repayment Term: | 7 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible |
| Date Listed: | Oct 13, 2009 |
| Date Disbursed: | Sep 29, 2009 |
| Date Funded: | Oct 15, 2009 |
| Country: | Liberia |
|---|---|
| Avg Annual Income: | $500.00 |
| Currency: | Liberia Dollars (LRD) |
| Exchange Rate: | 71.5000 LRD = 1 USD |
Jennes is engaged in the business of selling general goods. In particular, she buys general goods such as detergents, candles, matches, and batteries at wholesale prices, and she then sells the goods at retail prices to residents of her village. She has been running this business for 21 years, and she hopes to establish a larger store in the future. She notes that poor road conditions often make it difficult for her to transport new goods to Molton Corner. Regardless, she has a great relationship with her customers, which effectively encourages them to continue buying goods from her business.
She is requesting this loan so that she can purchase additional goods. Her dream is to build a house for her and her family and to thereby improve her family's standard of living.
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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Loan has been disbursed
Location: Monrovia North, Liberia
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Posted by
from Monrovia North, Liberia
Oct 16, 2009 |
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Comment on this entry
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| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $75.00 | $75.00 | Repayment Received
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| January 2010 | $100.00 | Available Jan 1 | |||
| February 2010 | $125.00 | Available Feb 1 | |||
| March 2010 | $100.00 | Available Mar 1 | |||
| April 2010 | $25.00 | Available Apr 1 | |||