Alfa Koroma


Status: Paid Back

$1,200.00   Loan Request
$1,200.00   Paid Back

About the Entrepreneur

Name: Alfa Koroma
Location: Kabala, Sierra Leone
Activity: Used Clothing

About the Loan

Loan Amount: $1,200.00
Loan Use: Expansion of his used clothing business to increase his profits
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 15, 2007
Date Disbursed: Oct 31, 2007
Date Funded:Oct 17, 2007
Loan Ended:Jan 15, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:United States Dollars (USD)



Alfa has been running his business for five years. He sells used clothes in the town of Kabala in Sierra Leone. He is 36 years old and married with four children.

Thanks to his previous loans, Alfa is now able to purchase bales of clothing on a monthly basis. He has made a good profit and has purchased land for building a family house. His plan is to expand his business to make additional profits which he can invest in constructing the family house. For this purpose, he is requesting a loan of $1200.


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Journal entries for Alfa Koroma


Loan has been disbursed
 
Entrepreneur: Alfa Koroma
Location: Kabala, Sierra Leone

Thank you for your loan. It has been disbursed to Alfa Koroma by CCF - Salone Microfinance Trust in Sierra Leone. We are excited to watch this business grow. Over the next 12 - 18 months, CCF - Salone Microfinance Trust will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kabala, Sierra Leone
Nov 1, 2007
Comments (1)

With the profit, Alfa built a house for the family and send his two children to secondary schools.
 
Entrepreneur: Alfa Koroma
Location: Kabala, Sierra Leone

Alfa Koroma is very thankful to kiva. Withe the loan, Alfa purchased more bails of second hand clothes and sold them in the villages where there is high demand for the product. He said, he is making more profit than before and has constructed a family house which is nearly to completion. His most imporatant achievement is, he was able to send his two children to the best secondary schools. Alfa is grateful and wish kiva lenders God's blessings.


Posted by Regina Sulla from Kabala, Sierra Leone
May 28, 2008
Comments (1)

Kiva Help Repayment Schedule for Alfa Koroma

  Expected Repayments Actual Repayments Comments
January 2008 $100.00 $0.00 Repayment Received
February 2008 $100.00 $100.00 Repayment Received
March 2008 $100.00 $100.00 Repayment Received
April 2008 $100.00 $100.00 Repayment Received
May 2008 $100.00 $100.00 Repayment Received
June 2008 $100.00 $100.00 Repayment Received
July 2008 $100.00 $100.00 Repayment Received
August 2008 $100.00 $100.00 Repayment Received
September 2008 $100.00 $100.00 Repayment Received
October 2008 $100.00 $100.00 Repayment Received
November 2008 $100.00 $100.00 Repayment Received
December 2008 $100.00 $100.00 Repayment Received
February 2009 $0.00 $100.00