Together As One Group


Status: Paying Back

$825.00   Loan Amount
57% repaid

About the Group

Group Name: Together As One Group
Group Members: Abass M. Bangura
Abdulai Fullah
Alhaji O. Jalloh
Abdul Kamara
Idrissa Kamara
Location: Waterloo, Sierra Leone
Activity: Electronics Sales

About the Loan

Loan Amount: $825.00
Loan Use: To expand his business
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 13, 2009
Date Disbursed: Jun 12, 2009
Date Funded:Jun 15, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:3,080.0000 SLL = 1 USD



This is Abass M. Bangura, Abdulai Fullah, Alhaji O. Jalloh, Abdul Kamara and Idrissa Kamara. The named their group Together As One. This is the first loan these entrepreneurs are requesting from SMT/Kiva. With this loan, they will be able to expand their businesses, make more profit and consequently improve on their standard of living. They are thus requesting a loan of Le 500,000 for each to enable them to do so.


Abass M. Bangura (left) is the leader of this group. Abass is 23 years of age. He was born in Waterloo small-town, twenty miles from Freetown. Abass is happily married with one child who is still a baby. He sells a variety of items: tape recorders, radios, mobile phone accessories and much more. He has been a businessman for three years now. With this loan, he will be able to expand his business so that his profit margin will increase.




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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Ian
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Marius
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Laurent D
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Jessica
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Journal entries for Together As One Group


Loan has been disbursed
 
Entrepreneur: Together As One Group
Location: Waterloo, Sierra Leone

Thank you for your loan. It has been disbursed to Together As One Group, consisting of Abass M. Bangura, Abdulai Fullah, Alhaji O. Jalloh, Abdul Kamara, Idrissa Kamara 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 7 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
Jun 16, 2009
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Kiva Help Repayment Schedule for Together As One Group

  Expected Repayments Actual Repayments Comments
September 2009 $117.86 $117.86 Repayment Received
October 2009 $117.86 $0.00 Repayment Received
November 2009 $117.86 $235.72 Repayment Received
December 2009 $117.86 $117.86 Repayment Received
January 2010 $117.86 Available Jan 1  
February 2010 $117.86 Available Feb 1  
March 2010 $117.84 Available Mar 1