Hold Tight Group
Status: Paying Back
| $1,625.00 | Loan Amount |
|---|
About the Group
| Group Name: | Hold Tight Group |
|---|---|
| Group Members: |
Abibatu Bundu Mohamed Bundu Isatu Sesay Memuna Koroma Marie Bundu |
| Location: | Makeni, Sierra Leone |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $1,625.00 |
|---|---|
| Loan Use: | Invest in business by buying ready-to-wear clothes for women |
| Repayment Term: | 12 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Feb 20, 2009 |
| Date Disbursed: | Feb 19, 2009 |
| Date Funded: | Feb 20, 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: | 3734 |
| Total Loans: | $1,072,225 |
| 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: | 3,089.9744 SLL = 1 USD |
Abibatu (right) is the leader of this group. She was born in Sanda, a small town in northern Sierra Leone. She is thirty-four years of age, married and a mother of five children between the ages of one and thirteen years. She has been a businesswoman for the past six years now. She sells ready-to-wear clothes for women and "gara lappers" (locally dyed clothes).
With this loan of Le 1,000,000, Abibatu will buy two pieces of "brillians” and more ready read-to-wear clothes for women to add into her business. (One piece of "brillian" is about thirty yards of white cotton used to dye gara clothe).
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 Hold Tight Group
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Loan has been disbursed
Location: Makeni, Sierra Leone
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Posted by
from Makeni, Sierra Leone
Feb 21, 2009 |
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Comment on this entry
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Repayment Schedule for Hold Tight Group
Repayment Schedule for Hold Tight Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| April 2009 | $0.00 | $203.12 | |||
| May 2009 | $162.50 | $0.00 |  Repayment Received
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| June 2009 | $162.50 | $121.87 | Repayment Received
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| July 2009 | $162.50 | $0.00 | Repayment Received
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| August 2009 | $162.50 | $284.38 | Repayment Received
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| September 2009 | $162.50 | $203.13 | Repayment Received
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| October 2009 | $162.50 | $0.00 | Repayment Received
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| November 2009 | $162.50 | $325.00 | Repayment Received
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| December 2009 | $162.50 | $162.50 | Repayment Received
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| January 2010 | $162.50 | Available Jan 1 | |||
| February 2010 | $162.50 | Available Feb 1 | |||
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