Bengadee Group


Status: Paying Back

$450.00   Loan Amount
17% repaid

About the Group

Group Name: Bengadee Group
Group Members: Fatu Kamara
Marie Zogbo
Location: Lofa Co. Northern Liberia, Liberia
Activity: Clothing Sales

About the Loan

Loan Amount: $450.00
Loan Use: To purchase more clothing wholesale
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



Bengadee Group is a group of two borrowers led by Fatu Kamara.

Fatu is 42 years old and is married with two children aged 15 and 23 years old, with educational levels of 5th grade and 12th grade. She also cares for four orphans. Fatu is illiterate due to poverty. She and her family live in the Sheriff Quarter, a large Muslim community in Voinjama, the capital of Lofa County, northern Liberia.

Fatu’s business is selling clothing. She buys clothes wholesale and sells retail in the Voinjama main market. She has been running this business for five years and hopes to expand to a bigger shop. She talks to her customers with a good manner in order encourage them to continue buying from her.

Fatu and her family depend on her business for their daily needs. Therefore, she needs this loan in order to purchase more clothing wholesale to improve her business. 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 Bengadee Group


Loan has been disbursed
 
Entrepreneur: Bengadee Group
Location: Lofa Co. Northern Liberia, Liberia

Thank you for your loan. It has been disbursed to Bengadee Group, consisting of Fatu Kamara, Marie Zogbo 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 Bengadee Group

  Expected Repayments Actual Repayments Comments
December 2009 $79.41 $79.41 Repayment Received
January 2010 $105.88 Available Jan 1  
February 2010 $132.36 Available Feb 1  
March 2010 $105.88 Available Mar 1  
April 2010 $26.47 Available Apr 1