Bear The Weather Group


Status: Paying Back

$600.00   Loan Amount
20% repaid

About the Group

Group Name: Bear The Weather Group
Group Members: Isatu Koroma
Kadiatu Koroma
Koloneh Conteh
Location: Magburaka, Tonkolili, Sierra Leone
Activity: Food Market

About the Loan

Loan Amount: $600.00
Loan Use: Invest in her business
Repayment Term: 12 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



Here are members of The Bear the Weather group. They are small-scale businesswomen in Magburaka town in northern Sierra Leone. They are requesting a loan of Le 700,000 for each for the fourth time to enable them further improve on the quality and sizes of their businesses. With a lot of goods into their stalls, they will be able to attract a lot of customers into their stalls, make more sales and increase profit. Consequently, they will be able to better look after themselves and children.

Isatu Koroma (left) is the leader of this group. Isatu was born in a village called Kakump, in northern Sierra Leone. She is approximately age fifty-six, married to a businessman and they have six children together. Three of Isatu’s children are grown-ups and three are attending school. Isatu sells market food like pepper, palm-oil (the most popular cooking oil), onions, rice and other locally produce food stuffs. She has been in this business for many years now. With this loan, she will be able to expand her business, make more sales and better profit.




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 Bear The Weather Group


Loan has been disbursed
 
Entrepreneur: Bear The Weather Group
Location: Magburaka, Tonkolili, Sierra Leone

Thank you for your loan. It has been disbursed to Bear The Weather Group, consisting of Isatu Koroma, Kadiatu Koroma, Koloneh 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 26, 2009
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Kiva Help Repayment Schedule for Bear The Weather Group

  Expected Repayments Actual Repayments Comments
November 2009 $60.00 $60.00 Repayment Received
December 2009 $60.00 $60.00 Repayment Received
January 2010 $60.00 Available Jan 1  
February 2010 $60.00 Available Feb 1  
March 2010 $60.00 Available Mar 1  
April 2010 $60.00 Available Apr 1  
May 2010 $60.00 Available May 1  
June 2010 $60.00 Available Jun 1  
July 2010 $60.00 Available Jul 1  
August 2010 $60.00 Available Aug 1