This is Lamrana S., a local entrepreneur in Waterloo small-town, twenty miles from Freetown. She sells local produce like ground-nuts and beans. She has been in this business for ten years now but her business seems to be growing at a very slow pace. However, with the recent opening of an SMT branch, in partner with Shine on Sierra Leone in Waterloo small-town, Lamrana S. has applied for a loan of Le 3,000,000 to help boost her business.
Lamrana is age thirty-five, married with two children, both of whom are in secondary schools. Her husband is a driver. Lamrana was born in Koya, about forty-four miles from Freetown. With this loan, she will travel as far as neighboring Guinea to buy local produce wholesale. This will enable her make a better profit, expand her business, and consequently improve her living standard.
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.