Mafomba Group

Status: Paid Back

$1,000.00		Loan Request
$1,000.00		Paid Back

About the Group

Group Name:	Mafomba Group
Group Members:	Sinnah Lavalie Osman B. Turay Alie Tholley
Location:	Magburaka, Tonkolili, Sierra Leone
Activity:	Motorcycle Transport

About the Loan

Loan Amount:	$1,000.00
Loan Use:	To purchase a motor bike and stock for a general store.
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jun 13, 2008
Date Disbursed:	Jul 6, 2008
Date Funded:	Jun 22, 2008
Loan Ended:	Aug 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:	2,855.0000 SLL = 1 USD

Alie Tholley, 35 years old and married with four children, is the Mafomba group leader. A very active group member, he owns two motor bikes that he rents out for daily income. Alie intends to purchase another motor bike to increase his income. Sinnah owns a food market and Osman has a general store. The group is requesting a loan of $1000 to expand 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

Lenders to this group

Larry, Verona, and Noa
Vancouver, WA
United States

Barbara
Mission Viejo, CA
United States

Raena
Calgary, Alberta
Canada

Vic
Chico, CA
United States

IPUM Fellowship Class
Greensboro, NC
United States

Gobeil Barnabe Families
Winnipeg, Manitoba
Canada

Christopher
Jenison, MI
United States

Ed
Marblehead, MA
United States

MisterV
Mack, CO
United States

Emmi
San Diego, CA
United States

Claus-Peter
www.kivafriends.org,
Germany

Pete
Reading, Berkshire
United Kingdom

Harvinder
Mercer Island, WA
United States

Emily
Raleigh, NC
United States

Kent
Pearland, TX
United States

Lady Lodge Systems
Kings Cliffe, East Northamptonshire
United Kingdom

Lawrence Passmore

France

Eric
Oostzaan,
Netherlands

Loren A.
Somerville, MA
United States

Damien
Bruxelles,
Belgium

Nathan & Stefanie
Pierrefonds, Quebec
Canada

Drew
Sammamish, WA
United States

Tom
San Antonio, TX
United States

steve
McLean, VA
United States

Steve & Joanne
Haslemere, Surrey
United Kingdom

Nicole
Hamburg,
Germany

Theresa & Allen
Rockville, MD
United States

Benjamin
Toronto, Ontario,
Canada

Phil
Stouffville, Ontario
Canada

Pamela
Rensselaer, NY
United States

Jonathan
Delmont, PA
United States

James
Norman, OK
United States

Bruce Chou
Oakdale & Los Angeles & San Jose, CA
United States

Jim
Eden Prairie, MN
United States

Journal entries for Mafomba Group

Loan has been disbursed Entrepreneur: Mafomba Group Location: Magburaka, Tonkolili, Sierra Leone Thank you for your loan. It has been disbursed to the Mafomba group, consisting of Alie Tholley, Osman B. Turay, Sinnah Lavalie by Salone Microfinance Trust (SMT), a partner of Christian Children's Fund in Sierra Leone. We are excited to watch this business grow. Over the next 12 months, Salone Microfinance Trust (SMT), a partner of Christian Children's Fund will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Magburaka, Tonkolili, Sierra Leone Jul 7, 2008
Comment on this entry

A Journal Update for Mafomba Group Entrepreneur: Mafomba Group Location: Magburaka, Tonkolili, Sierra Leone Mafomba Group members are sending greetings and thanks to you for the support rendered to them. They are very please to inform you that with the help of your loan, they were able to experience a vast improvement both in their businesses and living standard. They have almost finished repaying their loan while retaining the principal. With the daily profit they make, these entrepreneurs are able to repay their loan on time and in full, support their families in terms of feeding, sending the children to school, etc. They asked me to express their gratitude to you for the support.
Posted by Ibrahim Oumarr Jalloh from Magburaka, Tonkolili, Sierra Leone Aug 10, 2009
Comment on this entry

Repayment Schedule for Mafomba Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
October 2008	$83.33	$84.00	Repayment Received
November 2008	$83.33	$84.00	Repayment Received
December 2008	$83.33	$84.00	Repayment Received
January 2009	$83.33	$81.33	Repayment Received
February 2009	$83.33	$83.33	Repayment Received
March 2009	$83.33	$83.33	Repayment Received
April 2009	$83.33	$83.33	Repayment Received
May 2009	$83.33	$83.33	Repayment Received
June 2009	$83.33	$83.33	Repayment Received
July 2009	$83.33	$83.33	Repayment Received
August 2009	$83.33	$83.33	Repayment Received
September 2009	$83.37	$83.36	Repayment Received