Ropolon Group


Status: Paying Back

$750.00   Loan Amount
20% repaid

About the Group

Group Name: Ropolon Group
Group Members: Hassan S. Turay
Fatu Conteh
Location: Magburaka, Tonkolili, Sierra Leone
Activity: Clothing Sales

About the Loan

Loan Amount: $750.00
Loan Use: Invest in his business
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 28, 2009
Date Disbursed: Aug 21, 2009
Date Funded:Aug 28, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:3,507.0000 SLL = 1 USD



These people are Hassan S. Turay and Fatu Conteh. They call their group Ropolon, named after the village of the group’s leader. They are local entrepreneurs in the town of Magburaka, about fifteen miles from Makeni in northern Sierra Leone. This is the fourth time they’ve received a loan through SMT. Previous loans have had meaningful impacts on the lives of these borrowers. They were able to use the proceeds to pay their children’s school fees. They’re also able to feed and clothe themselves and their children with the income generated from the loans. They are requesting a loan of Le 2,600,000 to buy more goods to add to their businesses.

Hassan S. Turay (left) is the leader of the group. He is forty-one years of age. He was born in a village called Ropolon about two miles from Magburaka town. He is married with four children between the ages of ten and twelve. Hassan has been selling ready-to-wear-clothes for the past ten 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 Ropolon Group


Loan has been disbursed
 
Entrepreneur: Ropolon Group
Location: Magburaka, Tonkolili, Sierra Leone

Thank you for your loan. It has been disbursed to Ropolon Group, consisting of Hassan S. Turay, Fatu Conteh 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 Magburaka, Tonkolili, Sierra Leone
Aug 29, 2009
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Kiva Help Repayment Schedule for Ropolon Group

  Expected Repayments Actual Repayments Comments
November 2009 $75.00 $75.00 Repayment Received
December 2009 $75.00 $75.00 Repayment Received
January 2010 $75.00 Available Jan 1  
February 2010 $75.00 Available Feb 1  
March 2010 $75.00 Available Mar 1  
April 2010 $75.00 Available Apr 1  
May 2010 $75.00 Available May 1  
June 2010 $75.00 Available Jun 1  
July 2010 $75.00 Available Jul 1  
August 2010 $75.00 Available Aug 1