Hold Sorbeh Group


Status: Paying Back

$1,175.00   Loan Amount
50% repaid

About the Group

Group Name: Hold Sorbeh Group
Group Members: Esther Bangura
Zainab Bangura
Isatu Gbla
Kadiatu Koroma
Location: Magburaka, Tonkolili, Sierra Leone
Activity: Fish Selling

About the Loan

Loan Amount: $1,175.00
Loan Use: Invest in her dried fish business
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 14, 2009
Date Disbursed: May 12, 2009
Date Funded:May 16, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:3,125.0000 SLL = 1 USD



This is Esther Bangura, Zainab Bangura, Isatu Gbla, and Kadiatu Koroma. They are local entrepreneurs in Magburaka. They called their group Hold Sorbeh. This group has received several loans from SMT/Kiva. These loans have made massive contributions towards the well-being and development of these entrepreneurs. Having repaid their last loan successfully, they are now requesting a new loan of SLL 3,600,000 to further strengthen their businesses.
Esther Bangura (second from right) is the leader of this group. She was born in Magburaka, Tonkolili district, in northern Sierra Leone. She is age forty and married to a businessman. The two of them have four children. Two of her children are in primary school and two are in secondary school. Esther has been a businesswoman since childhood. She sells dried fish. She will invest the entire loan in her dried fish business. A basket full of dried fish usually costs SLL 500,000.





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 Hold Sorbeh Group


Loan has been disbursed
 
Entrepreneur: Hold Sorbeh Group
Location: Magburaka, Tonkolili, Sierra Leone

Thank you for your loan. It has been disbursed to Hold Sorbeh Group, consisting of Esther Bangura, Zainab Bangura, Isatu Gbla, Kadiatu 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 Magburaka, Tonkolili, Sierra Leone
May 17, 2009
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Kiva Help Repayment Schedule for Hold Sorbeh Group

  Expected Repayments Actual Repayments Comments
August 2009 $117.50 $146.88 Repayment Received
September 2009 $117.50 $88.12 Repayment Received
October 2009 $117.50 $0.00 Repayment Received
November 2009 $117.50 $235.00 Repayment Received
December 2009 $117.50 $117.50 Repayment Received
January 2010 $117.50 Available Jan 1  
February 2010 $117.50 Available Feb 1  
March 2010 $117.50 Available Mar 1  
April 2010 $117.50 Available Apr 1  
May 2010 $117.50 Available May 1