Wan Word Group


Status: Paying Back

$625.00   Loan Amount
37% repaid

About the Group

Group Name: Wan Word Group
Group Members: Mariatu Dumbuya
Isatu Daramy
Fatmata Kamara
Aminata Kargbo
Location: Makeni, Sierra Leone
Activity: Shoe Sales

About the Loan

Loan Amount: $625.00
Loan Use: Invest in her business
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 23, 2009
Date Disbursed: Jul 21, 2009
Date Funded:Jul 24, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:3,297.0000 SLL = 1 USD



These are members of the Wan Word group. They include Mariatu Dumbuya, Isatu Daramay, Fatmata Kamara and Aminata Kargbo. They are small -scale businesswomen in Makeni, in northern Sierra Leone. They are applying for a loan of Le 500,000 each to help them expand their businesses. With such a loan, they will be able to buy more goods to add to their various businesses, make more sales and more profit, and consequently improve their living standards.



The leader of this group is Mariatu Kamara (left). Mariatu was born in Sanda village, northeast of Makeni city. She is now thirty-eight years of age. She is married to a driver and they have three children. One of her children is in Senior Secondary School II, the others in class five and class four. Mariatu sells slippers; she has been a businesswoman since childhood.




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 Wan Word Group


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

Thank you for your loan. It has been disbursed to Wan Word Group, consisting of Mariatu Dumbuya, Isatu Daramy, Fatmata Kamara, Aminata Kargbo by Salone Microfinance Trust (SMT), a partner of ChildFund International in Sierra Leone. We are excited to watch this business grow. Over the 8 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 Makeni, Sierra Leone
Jul 25, 2009
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Kiva Help Repayment Schedule for Wan Word Group

  Expected Repayments Actual Repayments Comments
October 2009 $78.13 $0.00 Repayment Received
November 2009 $78.12 $156.25 Repayment Received
December 2009 $78.13 $78.13 Repayment Received
January 2010 $78.12 Available Jan 1  
February 2010 $78.13 Available Feb 1  
March 2010 $78.12 Available Mar 1  
April 2010 $78.13 Available Apr 1  
May 2010 $78.12 Available May 1