Tamtemneh Group


Status: Paying Back

$1,500.00   Loan Amount
50% repaid

About the Group

Group Name: Tamtemneh Group
Group Members: John Thullah
Isatu Fornah
Fatu Kargbo
Brima Koroma
Location: Makeni, Sierra Leone
Activity: Retail

About the Loan

Loan Amount: $1,500.00
Loan Use: Expand on their businesses
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 13, 2009
Date Disbursed: May 8, 2009
Date Funded:May 23, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:3,200.0000 SLL = 1 USD



This is John Thullah, Brima Koroma, Fatu Kargbo and Isatu Fornah. They named their group Tamtemneh. This is not the first loan these entrepreneurs have requested from SMT/Kiva. They have received several loans from SMT/Kiva. Previous loans have made a significant impact in the lives of these entrepreneurs. Having repaid their last loan successfully, each of them is requesting a new loan of Le 1,200,000.00. With this loan, they will be able to increase the sizes and qualities of their businesses and consequently make better profit and improve on their standards of living.

John Thullah (second from left) is the leader of this group. He is forty-three years of age. He was born in Makump Bana village, five miles from Makeni City. He is married with eight children. One of his children is in secondary school, five in primary schools and two are not of school-going age. John has been a businessman for over fifteen years now. He sells rubber bowls, fishes, cottons, shoes, rice, and so on.




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 Tamtemneh Group


Loan has been disbursed
 
Entrepreneur: Tamtemneh Group
Location: Makeni, Sierra Leone

Thank you for your loan. It has been disbursed to Tamtemneh Group, consisting of John Thullah, Isatu Fornah, Fatu Kargbo, Brima Koroma 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 10 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 Makeni, Sierra Leone
May 24, 2009
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Kiva Help Repayment Schedule for Tamtemneh Group

  Expected Repayments Actual Repayments Comments
August 2009 $150.00 $187.50 Repayment Received
September 2009 $150.00 $112.50 Repayment Received
October 2009 $150.00 $150.00 Repayment Received
November 2009 $150.00 $150.00 Repayment Received
December 2009 $150.00 $150.00 Repayment Received
January 2010 $150.00 Available Jan 1  
February 2010 $150.00 Available Feb 1  
March 2010 $150.00 Available Mar 1  
April 2010 $150.00 Available Apr 1  
May 2010 $150.00 Available May 1