Foday Sankoh's Group
Status: Paid Back
| $1,425.00 | Loan Request | |
|---|---|---|
| $1,425.00 | Paid Back |
About the Group
| Group Name: | Foday Sankoh's Group |
|---|---|
| Group Members: |
Mohamed Sow Bai Kamara Musa Conteh Patrick M. Mattia Foday Sankoh |
| Location: | Makeni, Sierra Leone |
| Activity: | Food Market |
About the Loan
| Loan Amount: | $1,425.00 |
|---|---|
| Loan Use: | Buy more baskets of fish. |
| 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 Field Partner
About the Field Partner
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| Field Partner: | Salone Microfinance Trust (SMT), a partner of ChildFund International |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 30 months |
| Kiva Entrepreneurs: | 3721 |
| Total Loans: | $1,070,525 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Sierra Leone |
|---|---|
| Avg Annual Income: | $903.00 |
| Currency: | Sierra Leone Leones (SLL) |
| Exchange Rate: | 2,890.0000 SLL = 1 USD |
Foday, who is the leader of this group, is 26. He was born in Kailahun, Eastern Sierra Leone. He is married with 3 children. His wife will use the loan to invest it in her current business. She sells fish, rice, and palm-oil. She has been in this business for 5 years now. In this way, the family`s livelihood will improve as Mr Foday`s wife will now be able to earn more money to support the family.
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 Foday Sankoh's Group
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Loan has been disbursed
Location: Makeni, Sierra Leone
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Posted by
from Makeni, Sierra Leone
Sep 13, 2008 |
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Comment on this entry
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A Journal Update For Foday Sankoh's Group
Location: Makeni, Sierra Leone
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Posted by
Ibrahim Oumarr Jalloh from Makeni, Sierra Leone
Aug 12, 2009 |
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Comment on this entry
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Repayment Schedule for Foday Sankoh's Group
Repayment Schedule for Foday Sankoh's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2008 | $142.50 | $143.00 |  Repayment Received
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| January 2009 | $142.50 | $142.00 | Repayment Received
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| February 2009 | $142.50 | $142.50 | Repayment Received
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| March 2009 | $142.50 | $142.50 | Repayment Received
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| April 2009 | $142.50 | $142.50 | Repayment Received
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| May 2009 | $142.50 | $142.50 | Repayment Received
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| June 2009 | $142.50 | $142.50 | Repayment Received
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| July 2009 | $142.50 | $142.50 | Repayment Received
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| August 2009 | $142.50 | $142.50 | Repayment Received
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| September 2009 | $142.50 | $142.50 | Repayment Received
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