Adamu Group


Status: Paid Back

$1,100.00   Loan Request
$1,100.00   Paid Back

About the Group

Group Name: Adamu Group
Group Members: Ramatu Kargbo
Fatmata Thullah
Rebecca Fornah
Adama Bangura
Location: Makeni, Sierra Leone
Activity: Fish Selling

About the Loan

Loan Amount: $1,100.00
Loan Use: To purchase more baskets of fish.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 6, 2008
Date Disbursed: Aug 23, 2008
Date Funded:Aug 9, 2008
Loan Ended:Jul 15, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:2,962.4991 SLL = 1 USD



Pictured are Adama Bangura, Rebeca Fornah, Fatmata Thullah and Ramatu Kargbo. They have finished repaying their previous loan successfully and are now requesting a new one in the maount of Le 3,200,000.00. The new loan, like the previous loan, will help them to improve their businesses even futher Consequently, the living standard of members of this group and their dependents will improve.

Adama Bangura is the leader of this group. She is 39, and was born in Bombo, a village near Makeni. She is married with 3 children. She sells cigarettes and fish. She has been in this business for 5 years now.





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


Subscribe

Lenders to this group

Aily
Bastrop, TX
United States

He Just Laughs
Jersey City, NJ
United States

Equipment Controls Co.
Norcross, Ga
United States

Amy's mom
KivaFriends.org, Midwest
United States

Rebecca
lexington, MA
United States

George & Nancy
Lewiston, ME
United States

A&U
Houston, TX
United States

sheila
Colorado Springs, CO
United States

Mark
Salt Lake City, UT
United States

Anna
Kalamazoo, MI
United States

The Hendersons
Bloomfield Hills, MI
United States

Vincent
Egg Harbor, NJ
United States

Edo & Rita
Paderno Dugnano, Milano
Italy

BrandU
Marina del Rey, CA
United States

Rikey
Taipei, Taiwan
Taiwan

Jeff
Largo, FL
United States

Anonymous
Oak Park, IL
United States

Don
Hollister, FL
United States

Jo
Toronto, Ontario
Canada



Journal entries for Adamu Group


Loan has been disbursed
 
Entrepreneur: Adamu Group
Location: Makeni, Sierra Leone

Thank you for your loan. It has been disbursed to the Adamu group, consisting of Adama Bangura, Rebecca Fornah, Fatmata Thullah, Ramatu Kargbo 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 23, 2008
Comment on this entry

A Journal Update for Adamu Group
 
Entrepreneur: Adamu Group
Location: Makeni, Sierra Leone

Adamu group members have been doing well in their businesses ever since they received a Kiva loan from SMT. Their repayment record has been excellent. Having paid off their loan, they have retained with the principal, making profit that they use to feed their children, pay school fees, pay medical bills and clothing themselves. Adamu group members are sending a lot of thanks to you the help rendered to them.


Posted by Ibrahim Oumarr Jalloh from Makeni, Sierra Leone
Jul 30, 2009
Comment on this entry

Kiva Help Repayment Schedule for Adamu Group

  Expected Repayments Actual Repayments Comments
November 2008 $110.00 $110.00 Repayment Received
December 2008 $110.00 $110.00 Repayment Received
January 2009 $110.00 $110.00 Repayment Received
February 2009 $110.00 $110.00 Repayment Received
March 2009 $110.00 $110.00 Repayment Received
April 2009 $110.00 $110.00 Repayment Received
May 2009 $110.00 $110.00 Repayment Received
June 2009 $110.00 $110.00 Repayment Received
July 2009 $110.00 $110.00 Repayment Received
August 2009 $110.00 $110.00 Repayment Received