Adamu Group
Status: Paying Back
| $775.00 | Loan Amount |
|---|
About the Group
| Group Name: | Adamu Group |
|---|---|
| Group Members: |
Adama Bangura Fatu Tarawalie Mariatu Kargbo |
| Location: | Makeni, Sierra Leone |
| Activity: | Fish Selling |
About the Loan
| Loan Amount: | $775.00 |
|---|---|
| Loan Use: | To invest in her business. |
| Repayment Term: | 12 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | May 19, 2009 |
| Date Disbursed: | May 15, 2009 |
| Date Funded: | May 20, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Salone Microfinance Trust (SMT), a partner of ChildFund International |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 30 months |
| Kiva Entrepreneurs: | 3734 |
| Total Loans: | $1,072,225 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Sierra Leone |
|---|---|
| Avg Annual Income: | $903.00 |
| Currency: | Sierra Leone Leones (SLL) |
| Exchange Rate: | 3,125.0000 SLL = 1 USD |
Adama (pictured on the right) is the leader of this group. Married with four children, 40-year-old Adama was born in Makeni, in northern Sierra Leone and has been a businesswoman selling dried fish for many years. With this loan, she will be able to buy about two baskets full of dried fish. At Tongbo village (about 170 miles from Makeni), where she normally makes her purchases, a dozen fish cost her about Le 60,000 – Le 70,000.00.
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 Adamu Group
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Loan has been disbursed
Location: Makeni, Sierra Leone
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Posted by
from Makeni, Sierra Leone
May 21, 2009 |
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Comment on this entry
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Repayment Schedule for Adamu Group
Repayment Schedule for Adamu Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2009 | $77.50 | $96.88 |  Repayment Received
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| September 2009 | $77.50 | $58.12 | Repayment Received
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| October 2009 | $77.50 | $0.00 | Repayment Received
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| November 2009 | $77.50 | $155.00 | Repayment Received
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| December 2009 | $77.50 | $77.50 | Repayment Received
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| January 2010 | $77.50 | Available Jan 1 | |||
| February 2010 | $77.50 | Available Feb 1 | |||
| March 2010 | $77.50 | Available Mar 1 | |||
| April 2010 | $77.50 | Available Apr 1 | |||
| May 2010 | $77.50 | Available May 1 | |||
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