Kamuyusu Group


Status: Paying Back

$725.00   Loan Amount
14% repaid

About the Group

Group Name: Kamuyusu Group
Group Members: Issa Thullah
Abu Bakarr Bah
Abdulai Fofanah
Abu Kamara
Kaday Yateh
Location: Magburaka, Tonkolili, Sierra Leone
Activity: Shoe Sales

About the Loan

Loan Amount: $725.00
Loan Use: Invest in his business
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 23, 2009
Date Disbursed: Sep 18, 2009
Date Funded:Oct 2, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:3,567.0000 SLL = 1 USD



This is Issa Thullah, Abu Bakarr Bah, Abdulai Fofanah, Abu Kamara and Kaday Yateh. They are small scale businesspeople in Magburaka town, in northern Sierra Leone. They call their group Kamuyusu, a Temne phrase meaning “Be Patient with us”. This is the first loan they are getting from SMT/Kiva. They are requesting a loan of Le 500,000 for each. With this loan, they will be able to expand their businesses, make more profit, and improve their standard of living.

Issa Thullah (left) is the leader of this group. Issa was born in Mayolo village, an outskirt of Magburaka town. He is thirty-five years of age, married to a businesswoman and they have two children – one in class three and the other in class two. Issa sells sneakers, tooth brush, tooth pastes, and medicines. Issa has been a businessman for over fifteen years now. He will invest this loan into his business by buying more of the goods he sells.




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 Kamuyusu Group


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

Thank you for your loan. It has been disbursed to Kamuyusu Group, consisting of Issa Thullah, Abu Bakarr Bah, Abdulai Fofanah, Abu Kamara, Kaday Yateh by Salone Microfinance Trust (SMT), a partner of ChildFund International in Sierra Leone. We are excited to watch this business grow. Over the 7 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
Oct 3, 2009
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Kiva Help Repayment Schedule for Kamuyusu Group

  Expected Repayments Actual Repayments Comments
December 2009 $103.57 $103.57 Repayment Received
January 2010 $103.57 Available Jan 1  
February 2010 $103.57 Available Feb 1  
March 2010 $103.58 Available Mar 1  
April 2010 $103.57 Available Apr 1  
May 2010 $103.57 Available May 1  
June 2010 $103.57 Available Jun 1