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Development Group
| $300 |
Loan Request
Pre-Disbursed
: Sep 23, 2009
Listed: Nov 1, 2009
Funded: Nov 2, 2009
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| $300 |
Paid Back
Ended: Feb 15, 2010
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About the Field Partner
| Local Enterprise Assistance Program (LEAP), a partner of World Hope International and World Relief administers this loan. Learn more | |||||||
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| Field Partner: | Local Enterprise Assistance Program (LEAP), a partner of World Hope International and World Relief | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Pilot | ||||||
| Time on Kiva: | 8 months | ||||||
| Kiva Entrepreneurs: | 2947 | ||||||
| Total Loans: | $0 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
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| Delinquency Rate: | 0.00% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
Gayduo Argba, Krubo Mamie, Youngor Forkpa, Youngor Dickson, Mamai Howard
About the Loan
| Location: | Lofa Co. Northern Liberia, Liberia | Repayment Term: | 6 months (more info) |
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| Activity: | Food Market | Repayment Schedule: | Monthly | |
| Loan Use: | to purchase more palm oil wholesale | Currency Exchange Loss: | Possible | |
| Default Protection: | Covered |
Gayduo’s business is the sale of palm oil. She buys palm oil wholesale from farmers and sells retail on a table in bottles to residents of Ziggida town. She has been running this business for 3 years and is hoping to expand to selling wholesale. Gayduo sells quality palm oil and treats her customers in a good way in order encourage them to continue buying from her.
During the Liberian civil crisis, Gayduo and her husband lost everything they had, but after the war ended she decided to get into business and started selling prepared food, but in late 2006 she started selling palm oil which is better than other businesses she was in. The sale of palm oil is the only means of financial support for Gayduo and her family.
Gayduo needs this loan in order to purchase more palm oil wholesale to acquire more profit to improve business. She dreams of educating her children, continuing her education , and improving their living conditions.
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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About the Country
| Country: | Liberia |
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| Avg Annual Income: | 500 |
| Currency: | Liberia Dollars (LRD) |
| Exchange Rate: | 70.5000 LRD = 1 USD |
Greta Galeazzi
GALEAZZI GRETA, EUROPEAN CITIZEN
Italy
Anonymous
Dominik
Ottenbach,
Switzerland
Anais
Asheville, NC
United States
Richard
Pocatello, Idaho
United States
Laurence
Antibes,
France
francoise
loenen aan de vecht,
Netherlands
Greg Yanagihara
Long Beach, CA
United States
DAVID
BOGNOR REGIS, West Sussex
United Kingdom
Jonas
Strängnäs,
Sweden
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Journal entries for Development Group
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Subject: Loan has been disbursed
Location: Lofa Co. Northern Liberia, Liberia
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Posted by
from Lofa Co. Northern Liberia, Liberia
Nov 3, 2009 |
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Comment on this entry
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Repayment Schedule for Development Group
Repayment Schedule for Development Group
| Expected Repayments | Actual Repayments | Comments | |||
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| January 2010 | $141.18 | $141.18 |  Repayment Received
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| February 2010 | $88.23 | $88.23 | Repayment Received
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| March 2010 | $70.59 | $70.59 | Repayment Received
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