Matiyande Group

Status: Paid Back

$1,225.00		Loan Request
$1,225.00		Paid Back

About the Group

Group Name:	Matiyande Group
Group Members:	Seray Mansaray Kati Koroma Fatmata Koroma Mohamed Kamara
Location:	Fadugu, Sierra Leone
Activity:	Food Market

About the Loan

Loan Amount:	$1,225.00
Loan Use:	To increase stock and income
Repayment Term:	12 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	May 24, 2008
Date Disbursed:	Jun 11, 2008
Date Funded:	May 28, 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

3734

$1,072,225

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:	2,945.0000 SLL = 1 USD

Mohamed Kamara is the Matiyande group leader and is also a Kiva client who has completed his payment. With the previous loan, Mohamed increased his stock and income and has invested part of the profit in farming. Like the other 3 members, Fatmata Koroma, Kati Koroma, and Seray Mansaray, Mohamed sells agricultural products such as peanuts, rice, beans, etc. They buy the products from the farmers and sell to retailers, thus taking the economy into the villages.

The group is requesting a loan of Le.3,600,000 to increase their stock and reduce transportation costs and time spent on frequent traveling. Mohamed is 36 years old and married with 3 children.

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

Lenders to this group

Anonymous
bellevue, WA
United States

David
Noordwijk, Zuid-Holland
Netherlands

Elisabeth
London,
United Kingdom

Eugene

Richard
Miami, FL
United States

Colin G. Haviland
Minneapolis, MN
United States

Andrew
Ironbank, South Australia
Australia

Giovanni
London, London
United Kingdom

Laurent D
Brussels,
Belgium

Hendrik
Köln,
Germany

Amy & Joe
Shaker Heights, OH
United States

Tom
Chicago, IL
United States

ANIL
TORONTO, Ontario
Canada

Transplanted Brit
Hermiston, OR.
United States

Remarkable Innovation
Singapore, Singapore
Singapore

Howard & Jillian
Vence,
France

Derek
Yorktown, VA
United States

Chizuru
Portland, OR
United States

Maureen & Barry
Bath, Maine
United States

Adam
elwood, Victoria
Australia

Christie
Nelson, British Columbia
Canada

Emily's Family
Santa Barbara, CA
United States

Jerry and Gerry
Lagunitas, CA
United States

Martin
Burnaby, BC
Canada

Alec
Calgary, Alberta
Canada

Ross
Meridian, Idaho
United States

Heather
The Vines, Western Australia
Australia

touru
,
Japan

Jose
Porto,
Portugal

Brent
Camrose, Alberta
Canada

Linda
Tryon, NC
United States

Miguel
Lincoln, NE
United States

Jun & Viola
Fishers, IN
United States

yuki-H
Tsuchiura, Ibaraki
Japan

Roger
Stone, Staffordshire
United Kingdom

Ashley
Portland, Oregon
United States

David
San Francisco, CA
United States

Journal entries for Matiyande Group

Loan has been disbursed Entrepreneur: Matiyande Group Location: Fadugu, Sierra Leone Thank you for your loan. It has been disbursed to the Matiyande group, consisting of Mohamed Kamara, Fatmata Koroma, Kati Koroma, Seray Mansaray by CCF - Salone Microfinance Trust in Sierra Leone. We are excited to watch this business grow. Over the next 10 months, CCF - Salone Microfinance Trust will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Fadugu, Sierra Leone Jun 11, 2008
Comments (9)

A Journal Update for Matiyande Group Entrepreneur: Matiyande Group Location: Fadugu, Sierra Leone Mohamed Kamara (right) is the leader of Matiyande Group. He sends a lot thanks to you for the help rendered to members of his group. He is very please to inform you that the loan has enabled their businesses flourish. They are very grateful to you for the help and will like you to continue giving them your support in the form of loans once they finishes repaying this one. SMT too says thank you for supporting our clients. Please continue supporting our clients. To see if SMT has loans in need of funding by Kiva lenders, please copy and paste the following link: http://www.kiva.org/app.php?page=businesses&partner_id=57&status=fundRaising&sortBy=New+to+Old The following gives all our loans: http://www.kiva.org/app.php?page=businesses&partner_id=57&status=All&sortBy=New+to+Old Regards, Ibrahim O. Jalloh, SMT/ Kiva Coordinator jamraray@gmail.com
Posted by Ibrahim Oumarr Jalloh from Fadugu, Sierra Leone May 8, 2009
Comments (2)

Repayment Schedule for Matiyande Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
September 2008	$122.50	$123.00	Repayment Received
October 2008	$122.50	$123.00	Repayment Received
November 2008	$122.50	$123.00	Repayment Received
December 2008	$122.50	$123.00	Repayment Received
January 2009	$122.50	$120.50	Repayment Received
February 2009	$122.50	$122.50	Repayment Received
March 2009	$122.50	$122.50	Repayment Received
April 2009	$122.50	$122.50	Repayment Received
May 2009	$122.50	$122.50	Repayment Received
June 2009	$122.50	$122.50	Repayment Received