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| Entrepreneur: |
Karen |
| Country: |
Central Asia |
| Type of Business: |
Photography |
| Field Partner: |
PDKS Partnership |
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About Karen
This young man lives by sea and want to buy a photo camera to take pictures for tourists at new fashionable hotel built by government. He just came back from Bible study in Moskov. He is very bold in faith, has mother at home who do not work, and has father who repairing shoes at home, and 2 small brothers, so he has no support from his family.
Community Impact
Once funded this young man will be able to help his family and fellow believers living with persecution.
About this Business
With a good camera this photographer will be able to provide services for foreign tourists and others in his town.
What the Loan to the Business will be used for
To purchase a good camera.
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Include the following code
<script type="text/javascript" src="http://www.mpowr.org/widget/karen"></script>
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About the Loan:
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| Amount needed: | 650.00 |
| Loan to Cost/Value Ratio: |
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| Expected positive cash flow month: |
Month 6 |
| Loan distribution schedule |
$600.00; $0.00; $0.00; $0.00; $0.00; $0.00. |
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Funders:
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| 08/13/2010 05:39pm |
Benjamin George |
Loan |
50.00 | |
| 08/20/2010 10:24pm |
Shawn George |
Loan |
50.00 | |
| 09/27/2010 08:20pm |
Dub Karriker |
Gift |
100.00 | |
| 10/10/2010 06:42pm |
Ruth Drye |
Gift |
72.52 | |
| 10/12/2010 09:15am |
Pamela Andrews |
Gift |
193.90 | |
| 10/13/2010 03:24pm |
Ben and Easley Schack |
Gift |
77.38 | |
| 10/14/2010 11:32am |
Dub Karriker |
Gift |
106.10 | |
| 10/14/2010 12:56pm |
Glenda |
Gift |
0.10 | |
| 11/01/2010 12:00am |
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Business Funded |
| -650.00 |
| 02/21/2011 12:00am |
Benjamin George |
Repayment |
| 55.00 |
| 02/21/2011 12:00am |
Shawn George |
Repayment |
| 55.00 |
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Groups:
Status Update:
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| Sep 22, 2010 | We are still raising funds for this young man. The time is rapidly closing to participate. Please encourage your friends and people that care for this work to donate or make a loan so Karen can help support himself and his family. | | Oct 14, 2010 | We have now completed funding. Thank you! | | Oct 18, 2010 | We have now completed funding. Thank you! | | Nov 17, 2010 | Karen came and showed the work that he is doing and we were encouraged too to see him growing to be responsible and also planning to return money back little by little each month. He is sure that in summer time he will earn 500$ in a month. | | Dec 17, 2010 | Karen is doing fine and starting working in photo salon. And planning in summer time to work on hotels and beaches where are a lot of tourists. He hope to start returning loan money in December but will be difficult since not tourist season. | | Jan 20, 2011 | Karen will visit us soon at the end of January and promised to return some money back, as he told us that his business is also going on very well. For new year he had very good income from taking pictures with members of his church. | | Feb 17, 2011 | Karen did very good profit in New Year, and returned us 260$, and we know that in summer he will have very good profit too and totally return us back everything, he is really good boy. We are sure that he always witnessing about J. and his love to them, because he is such boy that can not keep anything in him. *Note from US partner - If you made a loan for Karen you will be repaid soon with interest. His loans have been repaid. Thank you for your confidence and trust. | | Mar 21, 2011 | Karen is doing Ok. He is earning these days a little money but he is waiting for summer when he will earn much more as tourist season starts. | | Apr 19, 2011 | *US Sponsor's Note - Due to security issues we are unable to provide a complete update from our field partners at this time. However, we were able to communicate on a basic level and received this statement from them: "Please do know that everything is going very well. God is blessing those people and their family and they told us about that with tears in their eyes!" When our partners are able to more freely communicate we will provide more information. In the meantime, please keep them in your thoughts and prayers. Thank you for your investment in these precious people. | | May 18, 2011 | In June we will go and visit Karen. His business is doing very well and he plans to return rest of funds at that time. Summer is here and tourists are coming. He expects his business will do very well so maybe he can help others. |
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Amount Needed
$650
Length of Loan
12 months
Simple Interest Rate
5%
Amount Received
$650
  100%
Amount Needed
$0.00
Posted On
Aug 13, 2010
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