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Masala Group
In this Group: Mohamed , Fatmata, Jane , Ibrahim, Zainab
Here are Mohamed T., Fatmata M., Jane C., Ibrahim S., and Zainab C.. They are small-scale business people in the city of Makeni in northern Sierra Leone. They named their group Masala. This will be their fourth loan from SMT/Kiva. With previous loans, these business people were able to expand their businesses and increase their profit margins, consequently improving their standard of living. They were able to provide their children with three meals a day, send them to school, and meet most of their daily financial challenges.

Mohamed T. (second from left) is the leader of this group. Mohamed is 38 years of age. He was born in Makeni where he currently resides together with his wife who is also a businesswoman. The two have five children, two of whom are in secondary school, two in primary school, and the last is still very young. Mohamed sells baking soda, garlic, onions, and vegetable oil. He has been a businessman for over ten years. With this loan, he will travel to neighboring Guinea, where the goods he sells are relatively cheaper to buy.

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
  • 54
    View loans »
    Sierra Leone Loans Fundraising
  • $9,347,350
    Funds lent in using Kiva
  • 3,044.0
    Sierra Leone Leones (SLL) = $1 USD