Yomadendan Group


Status: Paid Back

$800.00   Loan Request
$800.00   Paid Back

About the Group

Group Name: Yomadendan Group
Group Members: Karta Kamara
Hawa Keita
Location: Kabala, Sierra Leone
Activity: Clothing Sales

About the Loan

Loan Amount: $800.00
Loan Use: To purchase more clothing and groceries to expand their businesses.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 27, 2008
Date Disbursed: Jun 10, 2008
Date Funded:May 27, 2008
Loan Ended:Jul 15, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:2,900.0000 SLL = 1 USD



Hawa is a Yomadendan group leader and SMT client. With her previous loans, she increased her stock of clothing and generated more income for the family. Her dream is to see her children complete their education. She has been managing the business for 3 years and would like to expand it. Kamara is another member who sells rice, spices, vegetables, and palm oil. Kamara and Hawa are requesting a loan of Le. 2,150,000 for the purpose of expanding their businesses.



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

PD's family
Paoli, PA
United States

Anonymous
Galion, OH
United States

Juan
brooklyn, NY
United States

Evil Edna
ruislip, Middlesex
United Kingdom

Laurent
Montréal, Quebec
Canada

Anonymous
Yorktown, VA
United States

John & Kathleen
Damariscotta, ME
United States

cathy
Chicago, IL
United States

festival
Montreal, Quebec
Canada

Michael
Winchester, VA
United States

William
Los Gatos, CA
United States

trunkt.org
New York, NY
United States

Ingraham Economics
Seattle, WA
United States



Journal entries for Yomadendan Group


Loan has been disbursed
 
Entrepreneur: Yomadendan Group
Location: Kabala, Sierra Leone

Thank you for your loan. It has been disbursed to the Yomadendan group, consisting of Hawa Keita, Karta Kamara 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
Jun 10, 2008
Comment on this entry

A Journal Update Yomadendan group
 
Entrepreneur: Yomadendan Group
Location: Kabala, Sierra Leone

Yomadendan group is very thankful to you for the support rendered to them. With the help of your loan, they have experienced a vast improvement in their businesses. Their businesses have grown both in size and quality. Consequently, their sales-to-profit-margin has improved a great deal. With the profit they make, they are able to repay their Kiva loan, feed themselves and children, pay school fees and solve much of their daily financial challenges.


Posted by Ibrahim Oumarr Jalloh from Kabala, Sierra Leone
Jul 15, 2009
Comment on this entry

Kiva Help Repayment Schedule for Yomadendan Group

  Expected Repayments Actual Repayments Comments
September 2008 $66.67 $67.00 Repayment Received
October 2008 $66.67 $67.00 Repayment Received
November 2008 $66.67 $67.00 Repayment Received
December 2008 $66.67 $67.00 Repayment Received
January 2009 $66.67 $65.33 Repayment Received
February 2009 $66.67 $66.67 Repayment Received
March 2009 $66.67 $66.67 Repayment Received
April 2009 $66.67 $66.67 Repayment Received
May 2009 $66.67 $66.67 Repayment Received
June 2009 $66.67 $66.66 Repayment Received
July 2009 $66.67 $66.67 Repayment Received
August 2009 $66.63 $66.66 Repayment Received