Sorbeh Group


Status: Paying Back

$425.00   Loan Amount
0% repaid

About the Group

Group Name: Sorbeh Group
Group Members: Gbassay Conteh
Posseh Bangura
Kadiatu Kamara
Location: Makeni, Sierra Leone
Activity: Food Production/Sales

About the Loan

Loan Amount: $425.00
Loan Use: Invest in her business
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 20, 2009
Date Disbursed: Oct 16, 2009
Date Funded:Oct 21, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:3,712.5000 SLL = 1 USD



Here are Gbassay Conteh, Posseh Bangura and Kadiatu Kamara. They call their group "Sorbeh," a Temne word, meaning “hard work.” They are small-scale businesswomen based in Makeni, a city in northern Sierra Leone. This is the first loan that these entrepreneurs are borrowing from SMT/Kiva. With this loan, they will be able to expand their businesses, make more profits, and improve their standards of living.

Gbassay Conteh (on the right in the photograph) is the leader of this group. Gbassay was born in Port Loko, in Northern Sierra Leone. She is now twenty-nine years old. She is married to a driver and they have one child who is in class six. Gbassay Conteh sells palm-oil (the most popular cooking oil in Sierra Leone) and “gara lapper” (locally-dyed clothes, sometimes with fabricated designs). She has five years of experience in this trade.




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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Linda Celet
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Laurent D
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闪闪 & Christian
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Laurence
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Tony
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Thomas
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kilometre club
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Alessandro
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Gordon
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Martijn
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Journal entries for Sorbeh Group


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

Thank you for your loan. It has been disbursed to Sorbeh Group, consisting of Gbassay Conteh, Posseh Bangura, Kadiatu Kamara 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 Makeni, Sierra Leone
Oct 22, 2009
Comment on this entry

Kiva Help Repayment Schedule for Sorbeh Group

  Expected Repayments Actual Repayments Comments
January 2010 $53.13 Available Jan 1  
February 2010 $53.12 Available Feb 1  
March 2010 $53.13 Available Mar 1  
April 2010 $53.12 Available Apr 1  
May 2010 $53.13 Available May 1  
June 2010 $53.12 Available Jun 1  
July 2010 $53.13 Available Jul 1  
August 2010 $53.12 Available Aug 1