Tacheyomigbachi Group


Status: Paying Back

$500.00   Loan Amount
57% repaid

About the Group

Group Name: Tacheyomigbachi Group
Group Members: Isatu Kanu
Isatu Koroma
Kadiatu Sesay
Location: Makeni, Sierra Leone
Activity: Plastics Sales

About the Loan

Loan Amount: $500.00
Loan Use: To purchase more plastics to sell
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 22, 2009
Date Disbursed: Jun 12, 2009
Date Funded:Jun 23, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:3,044.0000 SLL = 1 USD



This is Isatu Kanu, Isatu Koroma and Kadiatu Sesay. They named their group Tache Yo M’Gbachi, a Temne phrase meaning "Let us be firm". They are local entrepreneurs based in Makeni, in northern Sierra Leone. This is the first loan these women are receiving from SMT/Kiva. They want a loan to help them develop their businesses, because they have seen how microloans have been helping others’ businesses grow.

Isatu Kanu (pictured in the middle) is the leader of the group. Isatu is thirty-two years old. She was born in Makeni, is married to a motor driver and they have four children. Two of their children are in primary school and two are in secondary school. Isatu sells dishes, bowls and other plastic items. She has been a businesswoman for five years now. With this loan, she will travel to neighboring Guinea to buy more goods to sell. Goods are usually cheaper in neighboring Guinea.




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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Lenders to this group

Susan & Chas
Port Coquitlam, British Columbia
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Colin G. Haviland
Minneapolis, MN
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Inês
Lisboa,
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Laura
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Sherry W.
COLORADO SPRINGS, CO
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Oshima
TOKYO
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Kristiaan
Amersfoort,
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Anonymous
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Anonymous
Harrisville, MI
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JUSTIN
Sparks, NV
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Annette "Kim"
Seattle, WA
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Lynn
Bainbridge Island, WA
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Erin
Kitchener, Ontario
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Journal entries for Tacheyomigbachi Group


Loan has been disbursed
 
Entrepreneur: Tacheyomigbachi Group
Location: Makeni, Sierra Leone

Thank you for your loan. It has been disbursed to Tacheyomigbachi Group, consisting of Isatu Kanu, Isatu Koroma, Kadiatu Sesay 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 Makeni, Sierra Leone
Jun 24, 2009
Comments (3)

Kiva Help Repayment Schedule for Tacheyomigbachi Group

  Expected Repayments Actual Repayments Comments
September 2009 $71.43 $71.43 Repayment Received
October 2009 $71.43 $0.00 Repayment Received
November 2009 $71.43 $142.86 Repayment Received
December 2009 $71.43 $71.43 Repayment Received
January 2010 $71.43 Available Jan 1  
February 2010 $71.43 Available Feb 1  
March 2010 $71.42 Available Mar 1