Na We Yone Group


Status: Paying Back

$575.00   Loan Amount
25% repaid

About the Group

Group Name: Na We Yone Group
Group Members: Aminata Sankoh
Osman Bangura
Magret Kamara
Kadiatu Sesay
Location: Waterloo, Sierra Leone
Activity: Food Market

About the Loan

Loan Amount: $575.00
Loan Use: Invest in her business
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 25, 2009
Date Disbursed: Aug 14, 2009
Date Funded:Aug 25, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:3,505.0000 SLL = 1 USD



This is Aminata Sankoh, Osman Bangura, Magret Kamara and Kadiatu Sesay. They named their group Na We Yone. They are all local entrepreneurs in Waterloo small-town which is about twenty-two miles away from Freetown. This will be the first loan these entrepreneurs are accessing from SMT, a partner of Shine On Sierra Leone. With this loan, they will be able to expand their businesses both in size and quality. In this way, they will make better profit to look after themselves, children and extended family members.

Aminata Sankoh (right and attached below) is the leader of the group. She is thirty years of age. She was born in Waterloo. Her husband is a businessman and the two of them have one child who is attending school. Aminata sells ground-nuts, bulgur wheat and beans. She has been a businesswoman for five years now. With this loan, she will buy two bags of beans. A bag costs her Le 250,000.00.




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 Na We Yone Group


Loan has been disbursed
 
Entrepreneur: Na We Yone Group
Location: Waterloo, Sierra Leone

Thank you for your loan. It has been disbursed to Na We Yone Group, consisting of Aminata Sankoh, Osman Bangura, Magret Kamara, Kadiatu Sesay 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 Waterloo, Sierra Leone
Aug 26, 2009
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Kiva Help Repayment Schedule for Na We Yone Group

  Expected Repayments Actual Repayments Comments
November 2009 $71.88 $71.88 Repayment Received
December 2009 $71.87 $71.87 Repayment Received
January 2010 $71.88 Available Jan 1  
February 2010 $71.87 Available Feb 1  
March 2010 $71.88 Available Mar 1  
April 2010 $71.87 Available Apr 1  
May 2010 $71.88 Available May 1  
June 2010 $71.87 Available Jun 1