Hands Of Friendship Group


Status: Paying Back

$1,075.00   Loan Amount
17% repaid

About the Group

Group Name: Hands Of Friendship Group
Group Members: Massa Harleyson
Estella Korboi
Korpo Kolee
Victor Calvin
korpo Beyan
Location: Lofa Co. Northern Liberia, Liberia
Activity: Used Clothing

About the Loan

Loan Amount: $1,075.00
Loan Use: To purchase more wholesale used clothing to improve business
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 21, 2009
Date Disbursed: Sep 30, 2009
Date Funded:Oct 22, 2009

About the Country

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



Hands of Friendship is a group of 5 borrowers led by Massa Harleyson, who is 34 years old, married, and has two children ages 9 and 14, their educational levels 4th and 8th grade. She is a high school graduate but could not attend university due to lack of financial support. Massa and her family live in the Geebadu Quarter, a large Mandingo (a local tribe in Liberia) community in Voinjama, the capital of Lofa County in northern Liberia.


Massa’s business is selling used clothing. She buys used clothes wholesale and sells retail in the Voinjama main market, in the capital of Lofa County in northern Liberia. She has been running this business for 5 years and hopes to expand to a bigger shop.


Massa has been facing some financial constraints over the years with her business; therefore, she needs this loan in order to purchase more wholesale used clothing to improve her business. She talks to her customers in a good manner in order to encourage them to continue buying from her. The business is her only means of income. She dreams of giving her children a better education and building a house of their own.




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 Hands Of Friendship Group


Loan has been disbursed
 
Entrepreneur: Hands Of Friendship Group
Location: Lofa Co. Northern Liberia, Liberia

Thank you for your loan. It has been disbursed to Hands Of Friendship Group, consisting of Massa Harleyson, Estella Korboi, Korpo Kolee, Victor Calvin, korpo Beyan 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 Lofa Co. Northern Liberia, Liberia
Oct 23, 2009
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Kiva Help Repayment Schedule for Hands Of Friendship Group

  Expected Repayments Actual Repayments Comments
December 2009 $189.71 $189.71 Repayment Received
January 2010 $252.94 Available Jan 1  
February 2010 $316.17 Available Feb 1  
March 2010 $252.94 Available Mar 1  
April 2010 $63.24 Available Apr 1