Management Group

Status: Paid Back

$300
Loan Request
Pre-Disbursed : Aug 27, 2009
Listed: Sep 8, 2009
Funded: Sep 8, 2009
$300
Paid Back
Ended: Jan 15, 2010

About the Country

Country:Liberia
Avg Annual Income:500
Currency:Liberia Dollars (LRD)
Exchange Rate:72.5000 LRD = 1 USD


In this Group:
Mateneh Billay, Mabemaeh Sheriff, Fatumata Tulay, Kauhie Tulay, Lorba Suwalay

About the Loan

Location: Lofa Co. Northern Liberia, Liberia   Repayment Term: 6 months
(more info)
Activity: Home Products Sales   Repayment Schedule: Monthly
Loan Use: To purchase more dishes wholesale to sell   Currency Exchange Loss: Possible
      Default Protection: Covered
Managment Group, led by Mateneh Billay, is a group of five borrowers living in Kolahu, Lofa County, Liberia.

Mateneh is 28 years old and is single with three children age 3 to 14. All her children are in school but behind due to the schools being closed during the war. Mateneh was unable to attend school herself because, although she enjoyed it, the cultural norm was for girls to rely on their husbands to provide, and therefore school was considered unnecessary. She lives in the remote city of Kolahu in rural Lofa County, the breadbasket of Liberia.

Mateneh’s business is retail housewares, specifically plastic dishes which she buys wholesale from nearby Guinea and sells in a temporary market stall on the Kolahu-Foya highway. She has run her business for two years and is successful because of the way she treats her customers.

Mateneh is taking the loan to increase her inventory of dishes to meet increased demand. Her dream is to grow her business so she can one day have the biggest table in the central market. With the profits from her business she dreams of building her own house.




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

Paul
Fort Langley, BC
Canada

Debra
Belmont, CA
United States

Cindy
st. louis, MO
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Feast of Victory Lutheran
Acme, MI
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Lucas and Leigh
Madison, WI
United States

Chirag and Barbie
Oak Park, IL
United States

Mads
Houston, TX
United States

Melissa
Malverne, NY
United States



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Journal entries for Management Group


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

Thank you for your loan. It has been disbursed to Management Group, consisting of Mateneh Billay, Mabemaeh Sheriff, Fatumata Tulay, Kauhie Tulay, Lorba Suwalay 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 3 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
Sep 9, 2009
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Kiva Help Repayment Schedule for Management Group

  Expected Repayments Actual Repayments Comments
November 2009 $75.00 $75.00 Repayment Received
December 2009 $93.75 $93.75 Repayment Received
January 2010 $75.00 $75.00 Repayment Received
February 2010 $56.25 $56.25 Repayment Received