Tamemgbo Group


Status: Paying Back

$1,400.00   Loan Amount
10% repaid

About the Group

Group Name: Tamemgbo Group
Group Members: Abdulai Kamara
Mahawa Gbla
Kadiatu Kamara
Fatmata Sesay
Alie Koroma
Location: Makeni, Sierra Leone
Activity: Used Clothing

About the Loan

Loan Amount: $1,400.00
Loan Use: Invest in his business
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 1, 2009
Date Disbursed: Sep 15, 2009
Date Funded:Oct 19, 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



These people are Abdulai Kamara, Mahawa Gbla, Kadiatu Kamara, Fatmata Sesay and Alie Koroma. They named their group Tamemgbo, a Temne phrase meaning “let us just have a try”. These entrepreneurs have received several loans from SMT. The previous loans have had meaningful impacts in the lives of these people. The last loan they received from SMT was for Le 800,000 each. Now, they are requesting a loan of Le 1,000,000 each to enable them to further strengthen their businesses.



Abdulai Kamara (right) is the leader of this group. Abdulai is approximately sixty-two years of age. He was born in a village called Pat Bama, in northern Sierra Leone. He is married to a businesswoman and they have seven children. Six of Abdulai’s children are attending schools, five in secondary schools and one in primary school. Abdulai sells used clothes and has been in this business for over forty 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 Tamemgbo Group


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

Thank you for your loan. It has been disbursed to Tamemgbo Group, consisting of Abdulai Kamara, Mahawa Gbla, Kadiatu Kamara, Fatmata Sesay, Alie Koroma 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
Oct 20, 2009
Comment on this entry

Kiva Help Repayment Schedule for Tamemgbo Group

  Expected Repayments Actual Repayments Comments
December 2009 $140.00 $140.00 Repayment Received
January 2010 $140.00 Available Jan 1  
February 2010 $140.00 Available Feb 1  
March 2010 $140.00 Available Mar 1  
April 2010 $140.00 Available Apr 1  
May 2010 $140.00 Available May 1  
June 2010 $140.00 Available Jun 1  
July 2010 $140.00 Available Jul 1  
August 2010 $140.00 Available Aug 1  
September 2010 $140.00 Available Sep 1