Tonkolili Group


Status: Paying Back

$575.00   Loan Amount
25% repaid

About the Group

Group Name: Tonkolili Group
Group Members: Isatu Sankoh
Posseh Conteh
Mamusu Fornah
Alpha Conteh
Location: Magburaka, Tonkolili, 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 29, 2009
Date Disbursed: Aug 17, 2009
Date Funded:Aug 29, 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



This is a photo of Isatu Sankoh, Posseh Conteh, Mamusu Fornah and Alpha Conteh. They named their group Tonkolili Group, after their district of origin. They are small-scale businesspeople in Makeni, in northern Sierra Leone. This is the first loan these entrepreneurs are accessing from SMT/Kiva. With this loan, they will be able to improve their businesses, make more profit and consequently improve their living standards.

Isatu Sankoh (second from right) is the leader of this group. Isatu is now age thirty-six, married to a businessman, and they have four children. Two of her children are in primary school and the other two are in secondary school. Isatu was born in Magburaka town, Tonkolili district, but now resides in Makeni where she sells local products like rice, palm-oil, ground-nuts, etc. Isatu has more than five years of experience in business.





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 Tonkolili Group


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

Thank you for your loan. It has been disbursed to Tonkolili Group, consisting of Isatu Sankoh, Posseh Conteh, Mamusu Fornah, Alpha Conteh 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 Magburaka, Tonkolili, Sierra Leone
Aug 30, 2009
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Kiva Help Repayment Schedule for Tonkolili 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