Short Street Strikers Group


Status: Paying Back

$800.00   Loan Amount
62% repaid

About the Group

Group Name: Short Street Strikers Group
Group Members: Zainab Tarawalie
Mohamed P. Kamara
Alhaji Bangura
Ibrahim Jalloh
Aminata Shery
Location: Waterloo, Sierra Leone
Activity: Soft Drinks

About the Loan

Loan Amount: $800.00
Loan Use: To buy soft drinks and invest in the gari business.
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 30, 2009
Date Disbursed: May 5, 2009
Date Funded:May 2, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:3,130.0000 SLL = 1 USD



Those pictured are Zainab Tarawalie, Mohamed P. Kamara, Alhaji Bangura, Ibrahim Jalloh and Aminata Shery. They named their group Short Street Strikers, named after the street where the group leader sells. They are local entrepreneurs in Waterloo, twenty miles from Freetown, the capital city of Sierra Leone.

They are requesting a loan to enable them to buy more goods to sell. With more goods at their disposal, they will be able to make more profit and improve on their livelihood.

Zainab Tarawalie (front row left) is the leader of the group. She is thirty-three years old and a widow with three children. All of her children are still in primary school. Zainab pays their school fees and also feeds and clothes them with the little profit she makes out of her business. With this loan her profit margin will increase and her living situation will improve. Zainab sells soft drinks and “rubber drinks” (novelty coasters), cold water, and gari (food made out of cassava). She has been in this business for three years. She will invest this new loan on the same business because she is familiar with these types of items and can do well with them.




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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Journal entries for Short Street Strikers Group


Loan has been disbursed
 
Entrepreneur: Short Street Strikers Group
Location: Waterloo, Sierra Leone

Thank you for your loan. It has been disbursed to Short Street Strikers Group, consisting of Zainab Tarawalie, Mohamed P. Kamara, Alhaji Bangura, Ibrahim Jalloh, Aminata Shery by Salone Microfinance Trust (SMT), a partner of Christian Children's Fund in Sierra Leone. We are excited to watch this business grow. Over the 8 months of this loan, Salone Microfinance Trust (SMT), a partner of Christian Children's Fund will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Waterloo, Sierra Leone
May 5, 2009
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Kiva Help Repayment Schedule for Short Street Strikers Group

  Expected Repayments Actual Repayments Comments
August 2009 $100.00 $120.00 Repayment Received
September 2009 $100.00 $180.00 Repayment Received
October 2009 $100.00 $0.00 Repayment Received
November 2009 $100.00 $100.00 Repayment Received
December 2009 $100.00 $100.00 Repayment Received
January 2010 $100.00 Available Jan 1  
February 2010 $100.00 Available Feb 1  
March 2010 $100.00 Available Mar 1