God Will Provide - Red Hill Group


Status: Paying Back

$375.00   Loan Amount
17% repaid

About the Group

Group Name: God Will Provide - Red Hill Group
Group Members: Musu Gbaysay
Yatta Kollie
Hawa Quie
Kpana Ma-Kollie
Hawa Quiwon
Location: Monrovia North, Liberia
Activity: General Store

About the Loan

Loan Amount: $375.00
Loan Use: To buy more goods to sell
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 16, 2009
Date Disbursed: Sep 30, 2009
Date Funded:Oct 16, 2009

About the Country

Country:Liberia
Avg Annual Income:$500.00
Currency:Liberia Dollars (LRD)
Exchange Rate:70.5000 LRD = 1 USD



God Will Provide - Red Hill Group is a group of five borrowers led by Musu Gbaysay.

Musu is 59 years old and is married with three children aged 20 to 32 years old, with educational levels of 10th grade through high school graduate. Musu is illiterate due to poverty. She and her family live on the Red Hill field, Virginia, a newly built community for poor people who can't afford to buy a town lots. It is situated north of Monrovia, the capital of Liberia.

Musu's business is selling general goods like milk, rice, candles, bath soap, detergents, body lotions, etc. She buys them wholesale and sells retail to local residents. She has been running this business for eighteen years and hopes to establish a bigger shop in the future. Musu’s prices are lower than other vendors and she sells quality products to her customers in order to encourage them to continue buying from her.

Musu faces difficulties during the rainy season because, when it rains, people don't come out to buy. She needs this loan in order to purchase more general goods to sell.

Musu dreams of giving her children a better education and building a house for the family.




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

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Richard
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Shivani & Niranjan
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Kathryn
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Brian & Gay
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frith
peachtree city, GA
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John
Chicago, IL
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Geoff

Christmas Island

Michelle
Adelaide, South Australia
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Cindy
Torrington, WY
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Laurent D
Brussels,
Belgium

ivy
san diego, CA
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Anonymous
Castle Rock, CO
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Amy & Paul
Sunnyvale, CA
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Paul Marlisa
Amsterdam,
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Journal entries for God Will Provide - Red Hill Group


Loan has been disbursed
 
Entrepreneur: God Will Provide - Red Hill Group
Location: Monrovia North, Liberia

Thank you for your loan. It has been disbursed to God Will Provide - Red Hill Group, consisting of Musu Gbaysay, Yatta Kollie, Hawa Quie, Kpana Ma-Kollie, Hawa Quiwon 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 17, 2009
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Kiva Help Repayment Schedule for God Will Provide - Red Hill Group

  Expected Repayments Actual Repayments Comments
December 2009 $66.18 $66.18 Repayment Received
January 2010 $88.23 Available Jan 1  
February 2010 $110.30 Available Feb 1  
March 2010 $88.23 Available Mar 1  
April 2010 $22.06 Available Apr 1