Young Trader Group
Status: Paying Back
| $500.00 | Loan Amount |
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57% repaid
About the Group
| Group Name: | Young Trader Group |
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| Group Members: |
Ibrahim Peters Ramatu Cham Isatu Turay |
| Location: | Waterloo, Sierra Leone |
| Activity: | Food Market |
About the Loan
| Loan Amount: | $500.00 |
|---|---|
| Loan Use: | Purchase more inventory |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 18, 2009 |
| Date Disbursed: | Jun 12, 2009 |
| Date Funded: | Jun 19, 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: | 3763 |
| Total Loans: | $1,076,900 |
| 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: | 3,080.0000 SLL = 1 USD |
Here are Ibraham Peters, Ramatu Cham, and Isatu Turay. They are local entrepreneurs based in Waterloo small-town, twenty miles from Freetown city. They named their group Young Traders. They are requesting a loan of Le 500,000 each to help them expand their businesses. This loan will be the first these entrepreneurs are receiving from STM/Kiva, a partner of Shine on Sierra Leone.
Ibraham (middle) is the leader of Young Traders group. Ibraham is age thirty-five. He was born in Freetown, is married to a businesswoman and they have three children together. Two of their children are in primary school and one is still very young. Ibraham started his business only last year. He sells market food wholesale. However, his business is small and cannot meet most of his customers' needs. He has thus applied for a loan from SMT, a partner of Shine on Sierra Leone, to enable him expand his business and be able to meet most of his customers' needs.
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
Ibraham (middle) is the leader of Young Traders group. Ibraham is age thirty-five. He was born in Freetown, is married to a businesswoman and they have three children together. Two of their children are in primary school and one is still very young. Ibraham started his business only last year. He sells market food wholesale. However, his business is small and cannot meet most of his customers' needs. He has thus applied for a loan from SMT, a partner of Shine on Sierra Leone, to enable him expand his business and be able to meet most of his customers' needs.
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 Young Trader Group
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Loan has been disbursed
Location: Waterloo, Sierra Leone
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Posted by
from Waterloo, Sierra Leone
Jun 20, 2009 |
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Comment on this entry
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Repayment Schedule for Young Trader Group
Repayment Schedule for Young Trader Group
| Expected Repayments | Actual Repayments | Comments | |||
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| September 2009 | $71.43 | $71.43 |  Repayment Received
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| October 2009 | $71.43 | $0.00 | Repayment Received
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| November 2009 | $71.43 | $142.86 | Repayment Received
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| December 2009 | $71.43 | $71.43 | Repayment Received
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| January 2010 | $71.43 | Available Jan 1 | |||
| February 2010 | $71.43 | Available Feb 1 | |||
| March 2010 | $71.42 | Available Mar 1 | |||
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