Antoney Group


Status: Paying Back

$575.00   Loan Amount
10% repaid

About the Group

Group Name: Antoney Group
Group Members: Rugiatu Kanu
Zainab Bangura
Location: Makeni, Sierra Leone
Activity: Shoe Sales

About the Loan

Loan Amount: $575.00
Loan Use: Invest in her business
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 18, 2009
Date Disbursed: Sep 9, 2009
Date Funded:Sep 23, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:3,557.0000 SLL = 1 USD



Here is Rugiatu Kanu and Zainab Bangura. They named their group Antoney. They are all local entrepreneurs in Makeni, in northern Sierra Leone. This is not their first loan from Kiva through SMT. They had all previously received several loans from Kiva through SMT. Each one of them in the group received a loan of Le 800,000 during the last loan cycle. That loan created meaningful impacts in the lives of these borrowers. They were able to use the proceeds to pay for their children’s school fees. They’re also able to feed and clothe themselves and their children with the income generated from the loans. Today, they are requesting a loan of Le 1,000,000 each to buy more goods to add to their businesses.

Rugiatu Kanu (left) is the leader of the group. She is thirty-five years of age. She was born in a small town called Robuya Romende, in northern Sierra Leone. She now resides in Makeni with her husband and three children. Her husband is also a businessman and two of her children are attending school and the other is not of school going age. Rugiatu sells slippers, she has been a businesswoman for fifteen 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 Antoney Group


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

Thank you for your loan. It has been disbursed to Antoney Group, consisting of Rugiatu Kanu, Zainab Bangura 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 Makeni, Sierra Leone
Sep 23, 2009
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Kiva Help Repayment Schedule for Antoney Group

  Expected Repayments Actual Repayments Comments
December 2009 $57.50 $57.50 Repayment Received
January 2010 $57.50 Available Jan 1  
February 2010 $57.50 Available Feb 1  
March 2010 $57.50 Available Mar 1  
April 2010 $57.50 Available Apr 1  
May 2010 $57.50 Available May 1  
June 2010 $57.50 Available Jun 1  
July 2010 $57.50 Available Jul 1  
August 2010 $57.50 Available Aug 1  
September 2010 $57.50 Available Sep 1