Badayaduma Group
Status: Paying Back
| $1,600.00 | Loan Amount |
|---|
About the Group
| Group Name: | Badayaduma Group |
|---|---|
| Group Members: |
Abdulai Sawaneh Chernor Koroma Feren Koroma Seray Koroma Isatu Sawaneh Iye Thoronka |
| Location: | Heremakono, Koinadugu, Sierra Leone |
| Activity: | Farming |
About the Loan
| Loan Amount: | $1,600.00 |
|---|---|
| Loan Use: | To buy seeds |
| Repayment Term: | 12 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jul 1, 2009 |
| Date Disbursed: | Jul 20, 2009 |
| Date Funded: | Jul 5, 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: | 3,044.0000 SLL = 1 USD |
Abdulai Sawaneh, Chernor Koroma, Feren Koroma, Isatu Sawaneh and Iye Thoronka are members of the Badayaduma group. They live in the village of Heremakono, about ten miles from Kabala, in northern Sierra Leone, where they run their businesses. These entrepreneurs are requesting loans of Le 800,000 each to help boost their businesses. With this group loan, they will be able to improve their businesses, make better sales, and consequently improve on their standard of living.
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 Badayaduma Group
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Loan has been disbursed
Location: Heremakono, Koinadugu, Sierra Leone
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Posted by
from Heremakono, Koinadugu, Sierra Leone
Jul 20, 2009 |
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Comment on this entry
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Repayment Schedule for Badayaduma Group
Repayment Schedule for Badayaduma Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| September 2009 | $0.00 | $160.00 | |||
| October 2009 | $160.00 | $0.00 |  Repayment Received
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| November 2009 | $160.00 | $160.00 | Repayment Received
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| December 2009 | $160.00 | $160.00 | Repayment Received
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| January 2010 | $160.00 | Available Jan 1 | |||
| February 2010 | $160.00 | Available Feb 1 | |||
| March 2010 | $160.00 | Available Mar 1 | |||
| April 2010 | $160.00 | Available Apr 1 | |||
| May 2010 | $160.00 | Available May 1 | |||
| June 2010 | $160.00 | Available Jun 1 | |||
| July 2010 | $160.00 | Available Jul 1 | |||
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