Good Faith Group


Status: Paying Back

$675.00   Loan Amount
50% repaid

About the Group

Group Name: Good Faith Group
Group Members: Hawa O. Bah
Isatu C. Barrie
Mohamed Kargbo
Dora Sankoh
Location: Magburaka, Tonkolili, Sierra Leone
Activity: General Store

About the Loan

Loan Amount: $675.00
Loan Use: To invest in her 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 18, 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 Hawa O. Bah, Isatu C. Barrie, Mohamed Kargbo and Dora Sankoh. They named their group Good Faith. They have received several loans from SMT/Kiva. Previous loans have made meaningful contributions towards the development and wellbeing of these entrepreneurs. Previous loans enabled them to expand their businesses, made better sales and increased profit. Consequently, their standards of living have improved. Having repaid their previous loans successfully, they are requesting a new loan of SLL 3,000,000 to further strengthen their businesses.

Hawa O. Bah (second from left) is the leader of this group. She was born in Magburaka, Tonkolili district, in northern Sierra Leone. She is married to a businessman and they have two children together, both of whom are still in primary schools. Hawa, together with her husband, sells rice, soda, cements, etc. wholesale. She has had over ten years of experience in business.






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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najia
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Laurent D
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Benton
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Mary Ann
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showbe
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John
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Jim
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pachinko
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Heather
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Anonymous
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Elizabeth
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Howard & Jillian
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Peter
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Anonymous

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Anonymous
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Journal entries for Good Faith Group


Loan has been disbursed
 
Entrepreneur: Good Faith Group
Location: Magburaka, Tonkolili, Sierra Leone

Thank you for your loan. It has been disbursed to Good Faith Group, consisting of Hawa O. Bah, Isatu C. Barrie, Mohamed Kargbo, Dora Sankoh 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 19, 2009
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Kiva Help Repayment Schedule for Good Faith Group

  Expected Repayments Actual Repayments Comments
August 2009 $67.50 $84.38 Repayment Received
September 2009 $67.50 $50.62 Repayment Received
October 2009 $67.50 $0.00 Repayment Received
November 2009 $67.50 $135.00 Repayment Received
December 2009 $67.50 $67.50 Repayment Received
January 2010 $67.50 Available Jan 1  
February 2010 $67.50 Available Feb 1  
March 2010 $67.50 Available Mar 1  
April 2010 $67.50 Available Apr 1  
May 2010 $67.50 Available May 1