This loan has been FULLY FUNDED by 7 lenders!
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Rokom Group
Status: Paid Back
| $500 |
Loan Request
Pre-Disbursed
: Nov 24, 2008
Listed: Dec 6, 2008
Funded: Dec 11, 2008
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| $500 |
Paid Back
Ended: Aug 15, 2009
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About the Field Partner
| Salone Microfinance Trust (SMT), a partner of ChildFund International administers this loan. Learn more | |||||||
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| Field Partner: | Salone Microfinance Trust (SMT), a partner of ChildFund International | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Active | ||||||
| Time on Kiva: | 34 months | ||||||
| Kiva Entrepreneurs: | 4787 | ||||||
| Total Loans: | $0 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
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| Delinquency Rate: | 0.00% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
In this Group:
Kadiatu Koroma, Umu Sesay, Ya Fola Kamara
Kadiatu Koroma, Umu Sesay, Ya Fola Kamara
About the Loan
| Location: | Makeni, Sierra Leone | Repayment Term: | 10 months (more info) |
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| Activity: | Food Production/Sales | Repayment Schedule: | Monthly | |
| Loan Use: | Buy twenty bags of salt and a bag of rice | Currency Exchange Loss: | Covered | |
| Default Protection: | Covered |
This is Kadiatu Koroma, Umu Sesay and Ya Fola Kamara. They named their group "Rakom Group." They are local entrepreneurs from the town of Makeni. This is the third time they’ve received a Kiva loan through SMT. Most recently, each group memeber received a loan of Le 500,000. That loan was a great help to members of this group. It enabled them to expand their businesses, make more profit, and improve their living conditions. Having repaid their last loan successfully, they are again asking for the same amount of Le 500,000 each. They prefer receiving a loan of Le 500,000, because they can manage this amount well.
Kadiatu (right) is the leader of the group. She is thirty-seven years of age. She was born in Makeni in northern Sierra Leone. She is married to a businessman and they have two children together. Kadiatu sells rice and salt. She has been in the business for over ten years now.
With this new loan, Kadiatu will expand her business. She will buy more bags of salt and a bag of rice. She will be able to get at least twenty bags of salt. She prefers buying more salt, because salt sells faster than rice. A bag of salt will cost her Le 17,000 and a bag of rice, Le 108,000. She sends her husband’s younger brother to buy the goods for her in Freetown.
Kadiatu faces a few challenges in her business. Sometimes sales are a bit difficult, especially when most of the customers travel to makeshift business centers to buy goods, often at slashed prices. Additionally, her husband is not comfortable with her traveling to Freetown by herself to purchase the goods. There is the added expense of sending her brother-in-law instead.
Kadiatu’s immediate goal is to make a better life for herself. She would like to see her business expand, because this makes her life happy and comfortable.
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
Kadiatu (right) is the leader of the group. She is thirty-seven years of age. She was born in Makeni in northern Sierra Leone. She is married to a businessman and they have two children together. Kadiatu sells rice and salt. She has been in the business for over ten years now.
With this new loan, Kadiatu will expand her business. She will buy more bags of salt and a bag of rice. She will be able to get at least twenty bags of salt. She prefers buying more salt, because salt sells faster than rice. A bag of salt will cost her Le 17,000 and a bag of rice, Le 108,000. She sends her husband’s younger brother to buy the goods for her in Freetown.
Kadiatu faces a few challenges in her business. Sometimes sales are a bit difficult, especially when most of the customers travel to makeshift business centers to buy goods, often at slashed prices. Additionally, her husband is not comfortable with her traveling to Freetown by herself to purchase the goods. There is the added expense of sending her brother-in-law instead.
Kadiatu’s immediate goal is to make a better life for herself. She would like to see her business expand, because this makes her life happy and comfortable.
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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About the Country
| Country: | Sierra Leone |
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| Avg Annual Income: | $903 |
| Currency: | Sierra Leone Leones (SLL) |
| Exchange Rate: | 3,003.0000 SLL = 1 USD |
Top Lending Teams for this Group
Journal entries for Rokom Group
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Subject: Loan has been disbursed
Location: Makeni, Sierra Leone
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Posted by
from Makeni, Sierra Leone
Dec 12, 2008 |
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Repayment Schedule for Rokom Group
Repayment Schedule for Rokom Group
| Expected Repayments | Actual Repayments | Comments | |||
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| February 2009 | $62.50 | $62.50 |  Repayment Received
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| March 2009 | $62.50 | $12.50 | Repayment Received
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| April 2009 | $62.50 | $0.00 | Repayment Received
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| May 2009 | $62.50 | $175.00 | Repayment Received
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| June 2009 | $62.50 | $62.50 | Repayment Received
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| July 2009 | $62.50 | $0.00 | Repayment Received
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| August 2009 | $62.50 | $137.50 | Repayment Received
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| September 2009 | $62.50 | $50.00 | Repayment Received
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