Plumkor Community Group

Status: Paying Back

$900
Loan Request
Pre-Disbursed : Sep 22, 2009
Listed: Oct 12, 2009
Funded: Oct 17, 2009
76% repaid

About the Country

Country:Liberia
Avg Annual Income:500
Currency:Liberia Dollars (LRD)
Exchange Rate:71.5000 LRD = 1 USD


In this Group:
Ndorbor Kollie, Mohammed Sarnoh, Massa Kormah, Abibu Sarnoh, Bawo Fatu

About the Loan

Location: South Of Monrovia, Liberia   Repayment Term: 6 months
(more info)
Activity: Timber Sales   Repayment Schedule: Monthly
Loan Use: He needs this loan in order to purchase more timber from suppliers.   Currency Exchange Loss: Possible
      Default Protection: Covered
Plumkor Community is a group of five borrowers led by Ndorbor J. Kollie, who is 56 years old. He is married with six children aged between 9 and 27 whose educational levels range from third grade to senior university.

He is a high school graduate but could not continue to university due to poverty. He and his family live in the Plumkor Community, a very crowded community where people migrate from rural Liberia to settle. It is south of Monrovia, Liberia.

Ndorbor’s business is timber sales. He purchases timber from rural Liberia and sells on a retail basis to residents of Monrovia, Liberia. Ndorbor has been running this business for 15 years. He hopes to establish a plywood manufacturing company in Liberia. He started this business by buying furniture and later decided to get into timber sales because it is more profitable than furniture sales.

Ndorbor sometimes faces difficulties with road conditions, which can spoil timber and cause losses for the business. He needs this loan in order to purchase more timber from suppliers to make a profit.

Ndorbor dreams of giving his children a better education and getting them into business.




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

Nazaret
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Laurent D
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Anonymous
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Jens Damsgaard Vånar
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* WISH *
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Melissa
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jonathan6439
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Howard & Jillian
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Wall-E and Eva

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Joseph Taggart
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Patricia
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Adam
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.Ai
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Louanne & Paul
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Mark
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Dr. Ali Syed
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Sean
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Farah and Matt
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Birgit
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David
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Roland (no US loans)
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AndrewR
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M.Dhaul
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Rachel
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Ursel
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Roger
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Journal entries for Plumkor Community Group


Loan has been disbursed
 
Entrepreneur: Plumkor Community Group
Location: South Of Monrovia, Liberia

Thank you for your loan. It has been disbursed to Plumkor Community Group, consisting of Ndorbor Kollie, Mohammed Sarnoh, Massa Kormah, Abibu Sarnoh, Bawo Fatu 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 South Of Monrovia, Liberia
Oct 18, 2009
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Kiva Help Repayment Schedule for Plumkor Community Group

  Expected Repayments Actual Repayments Comments
December 2009 $211.76 $211.76 Repayment Received
January 2010 $211.77 $211.77 Repayment Received
February 2010 $264.71 $264.71 Repayment Received
March 2010 $211.76 Available Mar 1