Jesus Love Group


Status: Paying Back

$425.00   Loan Amount
17% repaid

About the Group

Group Name: Jesus Love Group
Group Members: Jennes S. Karmon
Marvelyn Kang
Bendu Kume
Roseline Johnson
Kebah Quaye
Location: Monrovia North, Liberia
Activity: General Store

About the Loan

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

About the Country

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



Jesus Love is a group of 5 borrowers which is led by Jennes S. Karmon. Jennes is a 53-year-old married woman with 2 children. Her children are 23 and 24 years old, and they both studied through the 12th grade. In addition, Jennes cares for a sibling. Due to a lack of financial support from her parents, she had to drop out of college. Jennes and her family live in Molton Corner Brewer Ville on the outskirts of the capital of Liberia, Monrovia.


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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Journal entries for Jesus Love Group


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

Thank you for your loan. It has been disbursed to Jesus Love Group, consisting of Jennes S. Karmon, Marvelyn Kang, Bendu Kume, Roseline Johnson, Kebah Quaye 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 16, 2009
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Kiva Help Repayment Schedule for Jesus Love Group

  Expected Repayments Actual Repayments Comments
December 2009 $75.00 $75.00 Repayment Received
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