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Mena Group
In this Group: Fatmata, Marie , Konie, Aminata
Pictured here are members of the Mena group. They are requesting a loan of Le 500,000 for each member so that they can expand their businesses. This is the first loan these women are requesting from SMT/Kiva. With this loan, they hope to be able to expand their businesses, make better profit and consequently, improve their current standard of living.

Fatmata K. (second from left) is the leader of this group. Fatmata is now 39 years old and married with six children. One is in college, four are in secondary school and the last is not of school going age yet. Fatmata sells market food and has been in this business since 1982.

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

  • $903
    Average annual income
  • 43
    View loans »
    Sierra Leone Loans Fundraising
  • $9,192,975
    Funds lent in using Kiva
  • 3,044.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Mena Group's $675 loan helped a member to further invest in her business selling food so that she can improve her family's standard of living.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2009
Listed
Jun 24, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010