Yenku Sesay

Status: Paid Back

$350.00		Loan Request
$350.00		Paid Back

About the Entrepreneur

Name:	Yenku Sesay
Location:	Kabala, Sierra Leone
Activity:	Grocery Store

About the Loan

Loan Amount:	$350.00
Loan Use:	To continue to overcome obstacles by expanding his grocery stall in order to provide for his family
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Mar 26, 2008
Date Disbursed:	Apr 9, 2008
Date Funded:	Mar 26, 2008
Loan Ended:	May 15, 2009

About the Field Partner

Field Partner:

Salone Microfinance Trust (SMT), a partner of ChildFund International

Field Partner Risk Rating:

(Learn more)

Active

30 months

3763

$1,076,900

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Sierra Leone
Avg Annual Income:	$903.00
Currency:	Sierra Leone Leones (SLL)
Exchange Rate:	2,974.7350 SLL = 1 USD

Yenku has overcome significant obstacles to get where he is today. In particular, Yenku is a double-amputee who lost both his hands during the brutal civil war in Sierra Leone. A 30-year-old father of three, he runs a small grocery stall in Kundibaya village, which is 15 miles from Kabala town. Before he received a loan from SMT, Yenku survived by begging in the street of Kabala town and, as one might imagine, life was extremely hard for him and his family. Through lengthy discussions with SMT staff, SMT recognized that Yenku has strong business skills. Consequently, SMT provided him with a loan of $100 to start a business with a solidarity group comprised of four other war amputees. Today, Yenku is off the street and is managing his business in the village. He sells cotton clothes, cosmetics, etc. Assisted by his wife, the family has built a small mud house and has a small farm. Yanku’s plan is to build a bright future for his children and his wife, and he would like to expand his business. He is requesting a loan of Le. 1,000,000.

Lenders to this entrepreneur

Saul
Nashville, TN
United States

Geoff

Christmas Island

Terry
KivaFriends.org , St. Louis, MO
United States

Margie
KivaFriends.org, Fallon, NV
United States

Kay
Columbia, MD KivaFriends.org
United States

Edie
Nashville, TN
United States

Tatiana
KivaFriends.org,
Netherlands

Kerrien
Sydney, New South Wales
Australia

Cassandra
San Jose, CA
United States

ken
columbia heights, MN
United States

Journal entries for Yenku Sesay

Loan has been disbursed Entrepreneur: Yenku Sesay Location: Kabala, Sierra Leone Thank you for your loan. It has been disbursed to Yenku Sesay by CCF - Salone Microfinance Trust in Sierra Leone. We are excited to watch this business grow. Over the next 12 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 Apr 10, 2008
Comments (2)

Update for Yenku Sesay Entrepreneur: Yenku Sesay Location: Kabala, Sierra Leone Yenku Sesay is very eager to let you know how his grocery business is doing in Kabala, Sierra Leone. The fact that Yenku is a double amputee from his country’s rebel war does not discourage him. With the help of his loan he has been able to grow his business. He used the money from his loan to increase his inventory of products such as soap, tomato paste, biscuits, dehydrated milk, fabrics, and soft drinks. Yenku is an extremely industrious person. His loan officer says that Yenku always makes his repayments early. Besides running his grocery business, Yenku has also been growing rice in his field. By doing this he hopes that next year he will have a large enough supply of rice stored up for his family so that he can focus his time on expanding his grocery business. Taking out a micro loan has had a tremendous impact on Yenku’s life. Previously, he was begging for money on the streets of Freetown. He is now self-sufficient and able to provide for his family. Yenku is very grateful for the changes in his life. He wanted to thank you for what you have done for him and sends his blessings. Please click here to read blog entries about Salone MicroFinance Trust.
Posted by Nicholas Sabin from Kabala, Sierra Leone Aug 1, 2008
Comments (3)

Repayment Schedule for Yenku Sesay

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	Expected Repayments	Actual Repayments	Comments
July 2008	$29.17	$30.00	Repayment Received
August 2008	$29.17	$30.00	Repayment Received
September 2008	$29.17	$30.00	Repayment Received
October 2008	$29.17	$30.00	Repayment Received
November 2008	$29.17	$30.00	Repayment Received
December 2008	$29.17	$30.00	Repayment Received
January 2009	$29.17	$24.17	Repayment Received
February 2009	$29.17	$29.17	Repayment Received
March 2009	$29.17	$29.17	Repayment Received
April 2009	$29.17	$29.17	Repayment Received
May 2009	$29.17	$29.17	Repayment Received
June 2009	$29.13	$29.15	Repayment Received