Philip F. Kamara's Group


Status: Paid Back

$1,700.00   Loan Request
$1,700.00   Paid Back

About the Group

Group Name: Philip F. Kamara's Group
Group Members: Joseph Gbla
Majid Mansaray
Samuel Christain Jakema
Thomas Kamara
Philip F. Kamara
Location: Makeni, Sierra Leone
Activity: Food Market

About the Loan

Loan Amount: $1,700.00
Loan Use: Give loan to their wives to invest in businesses.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 4, 2008
Date Disbursed: Sep 12, 2008
Date Funded:Aug 29, 2008
Loan Ended:Aug 15, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:2,943.6000 SLL = 1 USD



Philip F. Kamara assumes leadership of this group of soldiers. He was born in Yifie. He is married with one child. Philip's wife sells local produce here in Makeni. He will use his loan to give to his wife to add onto her existing business. Other members of the group are: Thomas Kamara, who also wants to give his loan to his wife; Samuel Christain Jakema, who wants to invest his own loan to build a house; Majid Mansaray, who will give his to his wife to invest in her business; and Joseph Gbla, who wants to do business with his loan. These guys will be remitting their loans to SMT through their paymaster at the end of each month. They are requesting the sum of 5,000,000 SLL.



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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Journal entries for Philip F. Kamara's Group


Loan has been disbursed
 
Entrepreneur: Philip F. Kamara's Group
Location: Makeni, Sierra Leone

Thank you for your loan. It has been disbursed to the group, consisting of Philip F. Kamara, Thomas Kamara, Samuel Christain Jakema, Majid Mansaray, Joseph Gbla 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
Sep 13, 2008
Comment on this entry

A Journal Update For Phillip F. Kamara's Group
 
Entrepreneur: Philip F. Kamara's Group
Location: Makeni, Sierra Leone

Greetings are coming to you from Phillip F. Kamara’s group. These group members are very grateful to you for the helping hand extended to them. With the help of your loan, they were able to settle their immediate financial challenges. This brought a lot of relief and comfort into the lives of these Borrowers.


Posted by Ibrahim Oumarr Jalloh from Makeni, Sierra Leone
Aug 12, 2009
Comments (1)

Kiva Help Repayment Schedule for Philip F. Kamara's Group

  Expected Repayments Actual Repayments Comments
December 2008 $170.00 $170.00 Repayment Received
January 2009 $170.00 $170.00 Repayment Received
February 2009 $170.00 $170.00 Repayment Received
March 2009 $170.00 $170.00 Repayment Received
April 2009 $170.00 $170.00 Repayment Received
May 2009 $170.00 $170.00 Repayment Received
June 2009 $170.00 $169.99 Repayment Received
July 2009 $170.00 $170.00 Repayment Received
August 2009 $170.00 $170.00 Repayment Received
September 2009 $170.00 $170.01 Repayment Received