Mananeh Group


Status: Paying Back

$575.00   Loan Amount
12% repaid

About the Group

Group Name: Mananeh Group
Group Members: Kadiatu Kargbo
Kadiatu Bangura
Isatu Kalokoh
Alice Sankoh
Location: Magburaka, Tonkolili, Sierra Leone
Activity: Food Market

About the Loan

Loan Amount: $575.00
Loan Use: Invest in theri businesses
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 19, 2009
Date Disbursed: Sep 8, 2009
Date Funded:Sep 20, 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 are members of the Mananeh Group, who are all businesswomen in the Tonkolili district headquarter town of Magburaka. They are applying for a loan of 500,000 Sierra Leonean leone each from Kiva lenders through SMT. This will be the first loan this group is accessing from SMT/Kiva.

With the help of this loan, they will be able to improve their businesses, make more sales and increase profits. Consequently, these women will be able to improve their standard of living – they can look after their children better and be able to meet most of their domestic needs.

Kadiatu Kargbo (on the left) is the leader of this group. Kadiatu was born in Magburaka town about 45 years ago. She is married to a businessman and the two of them have three children. Two of their children are in Junior Secondary School I (JSS I), and the eldest is doing some farming for a living. Kadiatu has been a businesswoman for seven years. She sells market food like rice, pepper, “margi,” onions, oil, etc.




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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Lenders to this group

Philipp
Köln,
Germany

Jan
HONOLULU, HI
United States

Howard & Jillian
Vence,
France

Philippe
Leeds, West Yorkshire
United Kingdom

Nicole
Kufstein, Tirol
Austria

Gregor
Wien,
Austria

Courtney
San Francisco, CA
United States

Rebecca
Carrboro, NC
United States

karin + juergen
Vienna,
Austria

Anonymous

Singapore

Alex
New York, NY
United States

Mark
Perth, WA
Australia

Henrik
turku,
Finland

Benjamin
Toulouse,
France



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Journal entries for Mananeh Group


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

Thank you for your loan. It has been disbursed to Mananeh Group, consisting of Kadiatu Kargbo, Kadiatu Bangura, Isatu Kalokoh, Alice Sankoh 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
Sep 21, 2009
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Kiva Help Repayment Schedule for Mananeh Group

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