Sorbeh Iii Group


Status: Paying Back

$1,325.00   Loan Amount
30% repaid

About the Group

Group Name: Sorbeh Iii Group
Group Members: Brima Barrie
Iye Sawaray
Siray Koroma
Siray Kondeh
Sirah Koroma
Location: Heremakono, Koinadugu, Sierra Leone
Activity: Farming

About the Loan

Loan Amount: $1,325.00
Loan Use: To buy seeds
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 13, 2009
Date Disbursed: Jul 20, 2009
Date Funded:Jul 15, 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



Brima Barrie (right) is the leader of this group. Brima has been a farmer and petty trader for more than 20 years now. He plants cassavas, potatoes, garden eggs (eggplant), etc. Brima was born in Heremakono, in the Koinadugu district, northern Sierra Leone. He is 48 years old and married with eight children. Brima will invest this loan in his farm and his business.

Brima Barrie, Iye Sawaray, Siray Koroma, Sarah Mara and Sirah Koroma are local entrepreneurs based in Heremakono, on the outskirts of Kabala town, in northern Sierra Leone. They are requesting loans of Le 800,000 each in order to improve their businesses. The sales-to-profit margin will improve for these entrepreneurs. Then they will be able to better look after their children in terms of feeding, clothing and paying their school fees.







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 Sorbeh Iii Group


Loan has been disbursed
 
Entrepreneur: Sorbeh Iii Group
Location: Heremakono, Koinadugu, Sierra Leone

Thank you for your loan. It has been disbursed to Sorbeh Iii Group, consisting of Brima Barrie, Iye Sawaray, Siray Koroma, Siray Kondeh, Sirah Koroma by Salone Microfinance Trust (SMT), a partner of ChildFund International in Sierra Leone. We are excited to watch this business grow. Over the 10 months of this loan, Salone Microfinance Trust (SMT), a partner of ChildFund International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Heremakono, Koinadugu, Sierra Leone
Jul 20, 2009
Comments (4)

Kiva Help Repayment Schedule for Sorbeh Iii Group

  Expected Repayments Actual Repayments Comments
September 2009 $0.00 $132.50  
October 2009 $132.50 $0.00 Repayment Received
November 2009 $132.50 $132.50 Repayment Received
December 2009 $132.50 $132.50 Repayment Received
January 2010 $132.50 Available Jan 1  
February 2010 $132.50 Available Feb 1  
March 2010 $132.50 Available Mar 1  
April 2010 $132.50 Available Apr 1  
May 2010 $132.50 Available May 1  
June 2010 $132.50 Available Jun 1  
July 2010 $132.50 Available Jul 1