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Young Trader Group
In this Group: Ibrahim, Ramatu , Isatu
Here are Ibraham P., Ramatu C., and Isatu T.. They are local entrepreneurs based in Waterloo small-town, twenty miles from Freetown city. They named their group Young Traders. They are requesting a loan of Le 500,000 each to help them expand their businesses. This loan will be the first these entrepreneurs are receiving from STM/Kiva, a partner of Shine on Sierra Leone.

Ibraham (middle) is the leader of Young Traders group. Ibraham is age thirty-five. He was born in Freetown, is married to a businesswoman and they have three children together. Two of their children are in primary school and one is still very young. Ibraham started his business only last year. He sells market food wholesale. However, his business is small and cannot meet most of his customers' needs. He has thus applied for a loan from SMT, a partner of Shine on Sierra Leone, to enable him expand his business and be able to meet most of his customers' needs.

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
  • 5
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,050
    Funds lent in using Kiva
  • 3,080.0
    Sierra Leone Leones (SLL) = $1 USD