Ta Ram Group


Status: Paying Back

$425.00   Loan Amount
0% repaid

About the Group

(For privacy reasons, the Field Partner has requested that location be undisclosed)
Group Name: Ta Ram Group
Group Members: Maseray Kamara
Mariatu Fofanah
Mabinty Conteh
Location: Location Undisclosed, Sierra Leone
Activity: Food Market

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 Maseray Kamara, Mariatu Fofanah and Mabinty Conteh. They named their group "Ta Ram," a Temne phrase meaning “Let us pay back”. They are small-scale businesswomen from Makeni City who want a loan of Le 500,000 each to enable them expand their businesses. This will be their very first loan from SMT/Kiva. With this loan, they will be able to add more goods to their businesses so that they can attract more customers, make better sales, earn more profits and improve their living standards.

Maseray Kamara (on the left in the photograph) is the leader of the group. Maseray was born in a place call Masinra in Northern Sierra Leone. She is married to a teacher and they have four children. Maseray and husband work very hard to look after their children who still attending schools. All of their children attend primary schools, except for the youngest, who is still too young for school. Maseray sells market food: rice, palm-oil (the most popular cooking oil) and much more. Maseray has been a businesswoman for more than eight years.



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

Annette
Amsterdam,

Laurent D
Brussels,
Belgium

dani
san pedro, san jose
Costa Rica

Joan
Parrish, FL
United States

Marc
Odeaxere, Lagos, Algarve
Portugal

Gregor
Glasgow, Lanarkshire
United Kingdom

Anonymous
Munich,
Germany

Aaron, Yosmar & Stella
APO, AP
Japan

thomas
new york, NY
United States

yuki-H
Tsuchiura, Ibaraki
Japan

heidi
port townsend, WA
United States

John
Calgary, Alberta
Canada

Anonymous
Chicago, IL
United States

Anonymous
Perth, Western Australia
Australia

Mary
Westmont, IL
United States



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Journal entries for Ta Ram Group


Loan has been disbursed
 
Entrepreneur: Ta Ram Group
Location: Location Undisclosed, Sierra Leone

Thank you for your loan. It has been disbursed to Ta Ram Group, consisting of Maseray Kamara, Mariatu Fofanah, Mabinty Conteh 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 Location Undisclosed, Sierra Leone
Oct 22, 2009
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Kiva Help Repayment Schedule for Ta Ram 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