Augustine S. Bundor Jr.


Status: Paying Back

$1,200.00   Loan Amount
12% repaid

About the Entrepreneur

Name: Augustine S. Bundor Jr.
Location: Monrovia North, Liberia
Activity: Pharmacy

About the Loan

Loan Amount: $1,200.00
Loan Use: To purchase more pharmaceutical products to improve business.
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 23, 2009
Date Disbursed: Sep 29, 2009
Date Funded:Oct 23, 2009

About the Country

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



Augustine S. Bundor is a 42-year-old entrepreneur whose business is the sale of pharmaceutical products. He is married with two children, age 1 and 10 years old. The older child’s educational level is eighth grade. Augustine also cares for five siblings, and they all live on the New Georgia Estate road, Gardnerville, of the capital Monrovia, Liberia.

When Augustine graduated from high school, he decided to study nursing and completed his training as a professional nurse, but realized that establishing a pharmacy would be better for him because there were always medicine shortages in northern Monrovia, Liberia. Augustine purchases pharmaceutical products wholesale and sells them at retail prices to residents of northern Monrovia. He has been running this business for eight years and hoping to become an importer of pharmaceutical products.

Augustine started with selling sweets, but with hard work and confidence his business has come this far. The civil crisis had a negative impact on Augustine’s business, because he experienced looting by commandos. With planning, organizing and keeping the business intact, Augustine has been getting more customers patronizing his business.

He needs this loan to purchase more pharmaceutical products to improve business. He dreams of changing the living conditions of his family, and of educating his children.


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Journal entries for Augustine S. Bundor Jr.


Loan has been disbursed
 
Entrepreneur: Augustine S. Bundor Jr.
Location: Monrovia North, Liberia

Thank you for your loan. It has been disbursed to Augustine S. Bundor Jr. 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 7 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 24, 2009
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Kiva Help Repayment Schedule for Augustine S. Bundor Jr.

  Expected Repayments Actual Repayments Comments
December 2009 $150.00 $150.00 Repayment Received
January 2010 $150.00 Available Jan 1  
February 2010 $150.00 Available Feb 1  
March 2010 $150.00 Available Mar 1  
April 2010 $150.00 Available Apr 1  
May 2010 $150.00 Available May 1  
June 2010 $150.00 Available Jun 1  
July 2010 $150.00 Available Jul 1