Sapoben Ii Group


Status: Paying Back

$575.00   Loan Amount
12% repaid

About the Group

Group Name: Sapoben Ii Group
Group Members: Abdul T. Kanu
Unisa Jalloh
Abass Fornah
Samuel Koroma
Location: Magburaka, Tonkolili, Sierra Leone
Activity: Used Clothing

About the Loan

Loan Amount: $575.00
Loan Use: Invest in his business
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 29, 2009
Date Disbursed: Sep 8, 2009
Date Funded:Oct 11, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:3,620.0000 SLL = 1 USD



Here are members of the Sapoben II group. Members of the this group are small-scale businesspeople in the town of Magburaka, in the Tonkolili district, northern Sierra Leone. They are seeking a loan from SMT/Kiva for the first time. Each is requesting a loan of Le 500,000 to improve his/her business, consequently improving his/her standard of living.



Abdul T. Kanu (second from left) is the leader of this group. Abdul was born in Magburaka town about thirty-six years ago. He is married to a businesswoman and they have four children. Three of Abdul’s children are attending primary schools and the other is in nursery school. Abdul sells used clothing. He has been in this business since 1992.




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

Mark
Decatur, IL
United States

Stefan
Ehrenkirchen,
Germany

festival
Montreal, Quebec
Canada

Brandon
Spokane, WA
United States

Laurence
Antibes,
France

paul and jane
stafford, staffs

Alfred
Cologne,
Germany

Andre
Hamburg,
Germany

Laurent D
Brussels,
Belgium

Philip, Lisa & Simon
Big Bear Lake, CA
United States

Stefan
Berlin,
Germany

Mark
Melbourne, Victoria
Australia

Glen
Rockdale, New South Wales
Australia

Jambool, Inc.
San Francisco, CA
United States

Paulo
MIRAFLORES,
Portugal

nullplus

Germany



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Journal entries for Sapoben Ii Group


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

Thank you for your loan. It has been disbursed to Sapoben Ii Group, consisting of Abdul T. Kanu, Unisa Jalloh, Abass Fornah, Samuel Koroma 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
Oct 12, 2009
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Kiva Help Repayment Schedule for Sapoben Ii 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