Babah Kalay Jalloh


Status: Paid Back

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

About the Entrepreneur

Name: Babah Kalay Jalloh
Location: Kabala, Sierra Leone
Activity: Hardware

About the Loan

Loan Amount: $1,200.00
Loan Use: Increase his hardware inventory
Repayment Term: 12 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:Sep 8, 2008

About the Country

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



Babah rents a small hardware shop in Kabala town. He expanded his business with loans from SMT. His first loan was too small, thus Babah took loans from money lenders at higher interest rates to purchase more goods but only made a very small profit. He could not build his capital, as he was required to pay the installments on a weekly basis.

Babah says that with loans from SMT, he had a chance to increase his profit because the installments are on a monthly basis. He is presently requesting a loan of $1200 to increase his stock and build his own business capital.


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Lenders to this entrepreneur

Stephen
Mandeville, LA
United States

Laurence
Napa, CA
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Vaughn
State College, PA
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Gail
Brisbane, Queensland
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Douglas
Seattle, WA
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Larry, Verona, and Noa
Vancouver, WA
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John
Decatur, GA
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Brendan
Leichhardt, NSW
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Matthijs
Leidschendam,
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Steven
Austin, TX
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Frank
Bend, OR
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Ebele
Hercules, CA
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Tim and Regan
San Francisco, CA
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mark
Hebden Bridge, West Yorkshire
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Paula
Durham, NC
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John
Alpharetta, GA
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Bill and Heather
ARLINGTON, VA
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Anonymous
Providence, RI
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Joe
Santa Ana, CA
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Phil
Anthony, FL
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Beatrice
Chicago, IL
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Andrea, David and Family
Amelia, OH
United States

Liana
New Orleans, LA

Anonymous
Edmonton, Alberta
Canada

Ian
Fort Langley, British Columbia
Canada

Tom
Seattle, WA
United States

Alison Bishop
Washington, DC
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Anonymous
Seattle, WA
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Angie & Chris
Gainesville, FL
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Connie & Steve
Renton, WA
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Rob
Honolulu, HI
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festival
Montreal, Quebec
Canada

Anonymous
Kimberley, BC
Canada

Michael
Boulder, CO
United States

PAUL
Granite City, IL
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Jeremy
Madison, WI
United States

Anonymous
cottonwood, AZ
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Grant
Madison, WI
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Russell
Cincinnati, OH
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Anatoly
Wallingford, CT
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Corina
Nanaimo, British Columbia
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George
Fresno, CA
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Eik & Thom
Amsterdam,
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Jason
Sydney, NSW
Australia

Lauge
Svendborg, Denmark
Denmark



Journal entries for Babah Kalay Jalloh


Loan has been disbursed
 
Entrepreneur: Babah Kalay Jalloh
Location: Kabala, Sierra Leone

Thank you for your loan. It has been disbursed to Babah Kalay Jalloh by CCF - Salone Microfinance Trust in Sierra Leone. We are excited to watch this business grow. Over the next 10 - 16 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)

Babah Kalay built is own business capital
 
Entrepreneur: Babah Kalay Jalloh
Location: Kabala, Sierra Leone

Babah Kalay is very grateful to kiva for the loan of $1200 that enabled him build his own capital. "I now feel the shop belongs to me said Baba". Before the loan, Babah used to take goods from supliers on credit and had to pay the loans on weekly basis. This could not give him change to generate more profit. Now with kiver loan, the monthly repayments is making it possible for him to re-invest the income and generate more profit. Babah is thankful to kiva brothers and sisters who assists him build his business and family life. "May Godbless them all said Babah".


Posted by Regina Sulla from Kabala, Sierra Leone
Jun 22, 2008
Comment on this entry

Kiva Help Repayment Schedule for Babah Kalay Jalloh

  Expected Repayments Actual Repayments Comments
January 2008 $120.00 $0.00 Repayment Received
February 2008 $120.00 $120.00 Repayment Received
March 2008 $120.00 $120.00 Repayment Received
April 2008 $120.00 $120.00 Repayment Received
May 2008 $120.00 $120.00 Repayment Received
June 2008 $120.00 $120.00 Repayment Received
July 2008 $120.00 $120.00 Repayment Received
August 2008 $120.00 $120.00 Repayment Received
September 2008 $120.00 $120.00 Repayment Received
October 2008 $120.00 $120.00 Repayment Received
November 2008 $0.00 $120.00