Kick Poor United Group


Status: Paying Back

$900.00   Loan Amount
44% repaid

About the Group

Group Name: Kick Poor United Group
Group Members: Issa Larkoh
Kadiatu Kargbo
Yeabu Kamara
Location: Magburaka, Tonkolili, Sierra Leone
Activity: Clothing Sales

About the Loan

Loan Amount: $900.00
Loan Use: Invest in his business
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 25, 2009
Date Disbursed: Jun 19, 2009
Date Funded:Jun 27, 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



Here are Issa Larkoh, Yeabu Kamara and Kadiatu Kargbo. They named their group Kick Poor United. This is the fourth loan these entrepreneurs are receiving from SMT/Kiva. With previous loans, these entrepreneurs were able to expand their businesses, both in size and in quality. As a result, they experienced a vast improvement in sales, profit margin and in their standard of living. Having repaid their last loan successfully, they are requesting a new loan in order to further strengthen their businesses.

Issa Larkoh (middle) is the leader of the group. Issa was born in Magburaka town 42 years ago. He is married to a businesswoman and they have four children together. All of their children are still in primary schools. Issa sells cosmetics and ready-to-wear-clothes in Magburaka town. He has been a businessman for more than 10 years now.





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 Kick Poor United Group


Loan has been disbursed
 
Entrepreneur: Kick Poor United Group
Location: Magburaka, Tonkolili, Sierra Leone

Thank you for your loan. It has been disbursed to Kick Poor United Group, consisting of Issa Larkoh, Kadiatu Kargbo, Yeabu 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 9 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 Magburaka, Tonkolili, Sierra Leone
Jun 28, 2009
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Kiva Help Repayment Schedule for Kick Poor United Group

  Expected Repayments Actual Repayments Comments
September 2009 $100.00 $100.00 Repayment Received
October 2009 $100.00 $0.00 Repayment Received
November 2009 $100.00 $200.00 Repayment Received
December 2009 $100.00 $100.00 Repayment Received
January 2010 $100.00 Available Jan 1  
February 2010 $100.00 Available Feb 1  
March 2010 $100.00 Available Mar 1  
April 2010 $100.00 Available Apr 1  
May 2010 $100.00 Available May 1