Mena Group
Status: Paying Back
| $675.00 | Loan Amount |
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57% repaid
About the Group
| Group Name: | Mena Group |
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| Group Members: |
Fatmata Koroma Marie Sesay Konie Koroma Aminata Kargbo |
| Location: | Makeni, Sierra Leone |
| Activity: | Food Market |
About the Loan
| Loan Amount: | $675.00 |
|---|---|
| Loan Use: | To further invest in her business selling food so that she can improve her family's standard of living. |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 24, 2009 |
| Date Disbursed: | Jun 19, 2009 |
| Date Funded: | Jun 24, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Salone Microfinance Trust (SMT), a partner of ChildFund International |
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| 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: | 3,044.0000 SLL = 1 USD |
Pictured here are members of the Mena group. They are requesting a loan of Le 500,000 for each member so that they can expand their businesses. This is the first loan these women are requesting from SMT/Kiva. With this loan, they hope to be able to expand their businesses, make better profit and consequently, improve their current standard of living.
Fatmata Koroma (second from left) is the leader of this group. Fatmata is now 39 years old and married with six children. One is in college, four are in secondary school and the last is not of school going age yet. Fatmata sells market food and has been in this business since 1982.
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
Fatmata Koroma (second from left) is the leader of this group. Fatmata is now 39 years old and married with six children. One is in college, four are in secondary school and the last is not of school going age yet. Fatmata sells market food and has been in this business since 1982.
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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Frank
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Lexie
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Andy
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Common Interest
142 Members
Journal entries for Mena Group
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Loan has been disbursed
Location: Makeni, Sierra Leone
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Posted by
from Makeni, Sierra Leone
Jun 25, 2009 |
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Comment on this entry
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Repayment Schedule for Mena Group
Repayment Schedule for Mena Group
| Expected Repayments | Actual Repayments | Comments | |||
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| September 2009 | $96.43 | $96.43 |  Repayment Received
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| October 2009 | $96.43 | $0.00 | Repayment Received
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| November 2009 | $96.43 | $192.86 | Repayment Received
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| December 2009 | $96.43 | $96.43 | Repayment Received
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| January 2010 | $96.43 | Available Jan 1 | |||
| February 2010 | $96.43 | Available Feb 1 | |||
| March 2010 | $96.42 | Available Mar 1 | |||
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