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Chelsea Group
In this Group: Gibo Akim, Sheku , Abu Bakar
These gentlemen are small-scale businessmen in Makeni City, in northern Sierra Leone. They named their group after their favorite football team, Chelsea. This will be the first loan they are accessing from SMT/Kiva. Business has been growing at a very slow pace for these entrepreneurs, but with the help of a loan, their businesses will develop at a faster rate and make better profit, so that their living standards will improve.

Gibo Akim K. (right) is the leader of the group. Gibo was born in Makeni city thirty-two years ago. He is married to a businesswoman and they have two children. One of their children is in class six and the other is in class two. Gibo owns a shop in which he sells a variety of items including drinks, biscuits, sugar, batteries, onions, etc. He has been in this business for more than ten years now.

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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,075
    Funds lent in using Kiva
  • 3,279.0
    Sierra Leone Leones (SLL) = $1 USD