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Gbomboya Group
In this Group: Marie , Magret , Rosaline, Kadiatu, Mabinty
This group is called Gbomboya Group. Its members include Marie Fonah, Magret D., Rosaline K., Kadiatu B. and Mabinty M.. Previous loans from SMT/Kiva have created a significant impact on the lives of these entrepreneurs. Having repaid their last loan successfully, they are now requesting a loan of SLL 1,000,000 ($315 US) for each of them to further expand their businesses.

Marie Fonah (left) is the leader of the group. She was born in Makeni City, in northern Sierra Leone. She is forty years of age, married with five children. Her husband is a teacher and the children are still attending schools. Marie sells “gara lapper” or locally dyed clothes, rice, palm-oil (the most popular cooking oil) bananas, coconuts and so on. Marie will invest 80% of this loan into her gara lapper business.

Additional Information

About Salone Microfinance Trust (SMT)

Salone Microfinance Trust (SMT) is Kiva’s oldest field partner in Sierra Leone. SMT began operations in 2002 as a microcredit program of the NGO Child Fund Sierra Leone under a USAID program to assist the reintegration of ex combatants back into their communities. Today, SMT offers group, agricultural, individual and salary loans to micro-entrepreneurs through six branches and one sub-branch in rural, urban, and peri-urban areas. By providing small loans and other financial services, SMT empowers poor clients to generate more income to help their families, improve their wellbeing, and create a more vibrant private small-business sector in Sierra Leone.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Sierra Leone

  • $2,100
    Average annual income
  • 62
    View loans »
    Sierra Leone Loans Fundraising
  • $9,347,350
    Funds lent in using Kiva
  • 3,200.0
    Sierra Leone Leones (SLL) = $1 USD