Tamtamneh Group


Status: Paid Back

$725.00   Loan Request
$725.00   Paid Back

About the Group

Group Name: Tamtamneh Group
Group Members: Mabinty Kanu
Abubakarr Kamara
Ahmed Kamara
Location: Makeni, Sierra Leone
Activity: Retail

About the Loan

Loan Amount: $725.00
Loan Use: Expand their businesses
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 1, 2008
Date Disbursed: Oct 15, 2008
Date Funded:Oct 1, 2008
Loan Ended:Jul 15, 2009

About the Country

Country:Sierra Leone
Avg Annual Income:$903.00
Currency:Sierra Leone Leones (SLL)
Exchange Rate:2,925.0000 SLL = 1 USD



This group is called Tamtamneh. They are all business people in Makeni, the Northern provincial headquarters town. They have been together as a group with SMT for the past two years now and are now in their 4th loan cycle. Previously, SMT loaned these entrepreneurs Le 500,000.00 each. This they have repaid successfully and are now requesting a new loan. The previous loan made a lot of impact on their lives, but they still need more loans to further empower themselves in their businesses.



Their leader is Ahmed Kamara (on the left). Ahmed was born in Mambolo, in the Kambia District, in the North of Sierra Leone. He is 36 years of age. He is married to a business woman and the two have 4 children; one is in secondary school, two are in primary school, and the last is still very young.



Ahmed sells items like: chains, cosmetics, pastes and toothbrushes, batteries, and so on. Through this business, he is able to meet most of his financial needs. He has been in this business for the past 12 years now. Ahmed is doing fine in his business. His immediate goal is to build himself and his family a house. And he is very much optimistic that through his business, he will one day achieve this goal.



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 Tamtamneh Group


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

Thank you for your loan. It has been disbursed to the Tamtamneh group, consisting of Ahmed Kamara, Abubakarr Kamara, Mabinty Kanu 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 8 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
Oct 15, 2008
Comment on this entry

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

Tamtamneh Group members are very much grateful to you for the loan. With the help of your loan, their businesses expanded both in terms of size and quality. In this way, sales and profit increase. These thus provide them with an opportunity to better look after themselves and children. SMT too joins Tamtamneh group members in saying thank you for the supporting hand extended to our clients. Please continue giving out a supporting hand to our clients.


Posted by Ibrahim Oumarr Jalloh from Makeni, Sierra Leone
Jul 29, 2009
Comment on this entry

Kiva Help Repayment Schedule for Tamtamneh Group

  Expected Repayments Actual Repayments Comments
January 2009 $90.62 $90.63 Repayment Received
February 2009 $90.62 $90.63 Repayment Received
March 2009 $90.62 $90.63 Repayment Received
April 2009 $90.62 $90.63 Repayment Received
May 2009 $90.62 $90.63 Repayment Received
June 2009 $90.62 $90.62 Repayment Received
July 2009 $90.62 $90.63 Repayment Received
August 2009 $90.66 $90.60 Repayment Received