Foday Marah's Group


Status: Paid Back

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

About the Group

Group Name: Foday Marah's Group
Group Members: Alfred Torrel
Abu-bakarr Jalloh
Mohamed Kamara
Foday Marah
Location: Makeni, Sierra Leone
Activity: Bricks

About the Loan

Loan Amount: $1,225.00
Loan Use: To buy cement, timber, and other working materials, and for education
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 19, 2008
Date Disbursed: Aug 5, 2008
Date Funded:Jul 22, 2008
Loan Ended:Jul 15, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:2,895.0000 SLL = 1 USD



This group is request a loan of Le 3,500,000.00. The members are (from right to left): Foday Marah, Mohamed Koroma, Abu-Bakarr Jalloh and Alfred Torrel.


Foday will give his loan to his wife who is sells clothes(gara lappers) so she can improve her business. Foday`s plan is to see his wife`s business booming as this (together with his monthly salary) can help them a lot in improving the living standard of their family. The two have 4 children.

Mohamed Kamara`s ambition is to further his education. Though currently working for the army, he will use his loan to pursue his education while still military work.

Abu-Bakarr will use his loan to buy more timber and other essential working materials he uses in making furniture to sell. Abu-Bakarr is a skilled carpenter working with the army.

33-year-old Alfred Torrel, will buy more local produce to sell. The proceeds he gets from his sales add to his small monthly salary from the military.



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

Brian
Fairbanks, AK
United States

Andrea
North East, MD
United States

Brian & Heather
New York, NY
United States

Julee
LOS GATOS, CA
United States

Cynthia
Oakland, CA
United States

Tony
oakland, CA
United States

Jennifer
New York, NY
United States

Holli
bellevue, WA
United States

Dan
KivaFriends.org, Calgary, AB
Canada

Kara
Chicago, IL
United States

Gary
New York, NY
United States

Paul
Alhambra, CA
United States

Brian
Cambridge, MA
United States

Charles
Edmonton, Alberta
Canada

keu na
Dewey, AZ
United States

Kay
Allegan, MI
United States

Anonymous
Sea Cliff, NY
United States

Susanna
San Jose, CA
United States

Fabienne & Hugues
Villeneuve,
Switzerland

Christopher
London,
United Kingdom

Joyce and Dante
Tucson, Az
United States

Rick
Newport Beach, CA
United States

Jim
Colorado Springs, Colorado
United States

James
Cornville, AZ
United States

Jeff
Three Forks, MT
United States

Jessica
Cranford, NJ
United States

Brandon
Spokane, WA
United States

William
Newington, CT
United States

Rachel
Los Angeles, CA
United States

Harry
Jacksonville, FL
United States

Andrew
New York, NY
United States

Josh
Ocean Grove, Victoria
Australia

David and Jonnie
Cypress, TX
United States

Yiwen
Koeln,
Germany

Chris
Miami, FL
United States

Eric
Maple Valley, WA
United States

Raymond
Melbourne, Victoria
Australia

John
Oakland, CA
United States

Chris McD
Philadelphia, PA
United States

Angela
Telluride, CO
United States

Charles
East Lansing, Michigan
United States

Ellen
Weston, MA
United States



Journal entries for Foday Marah's Group


Loan has been disbursed
 
Entrepreneur: Foday Marah's Group
Location: Makeni, Sierra Leone

Thank you for your loan. It has been disbursed to the group, consisting of Foday Marah, Mohamed Kamara, Abu-bakarr Jalloh, Alfred Torrel 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 10 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 Makeni, Sierra Leone
Aug 5, 2008
Comment on this entry

A Journal Update
 
Entrepreneur: Foday Marah's Group
Location: Makeni, Sierra Leone

Foday Marah is sending a lot of thanks to all of you for the helping hand rendered to him and members of his group. He is very please to tell you that the loan was very much useful to him and members of his group. He and members of his group are grateful and thank you a lot for the support.


Posted by Ibrahim Oumarr Jalloh from Makeni, Sierra Leone
Jul 9, 2009
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Kiva Help Repayment Schedule for Foday Marah's Group

  Expected Repayments Actual Repayments Comments
November 2008 $122.50 $123.00 Repayment Received
December 2008 $122.50 $123.00 Repayment Received
January 2009 $122.50 $121.50 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
July 2009 $122.50 $122.50 Repayment Received
August 2009 $122.50 $122.50 Repayment Received