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Frozen Fish Mongers Group
In this Group: Kadiatu, Sama , Kadiatu, Hawa, Abie
This is Kadiatu T., Sama T., Kadiatu S., Hawa K., and Abie J.. They named their group Frozen Fish Mongers, picking a name that reflects their trade. They are all local entrepreneurs in Makeni in northern Sierra Leone. This is not their first loan from Kiva through SMT. They all previously received several loans from Kiva through SMT. Each member of the group received a loan of Le 1,200,000 during the last loan cycle. That loan created meaningful impacts in the lives of these borrowers. They were able to use the proceeds to pay for their children’s school fees. They’re also able to feed and clothe themselves and their children with the income generated from the loans. Today, they are requesting a loan of Le 1,300,000 each to buy more cartons of frozen fish to add to their businesses.

Kadiatu (back row, right) is the leader of the group. She is forty-five years of age. She was born in Makeni, northern Sierra Leone. She is married to a businessman and the couple has four children. Two of her children are in college and two are in secondary schools. Kadiatu has been a businesswoman for over twenty years now.

Kadiatu, like the rest of the group members, sells frozen fish. With this new loan, she will expand her business. She will be able to buy about ten cartons of frozen fish. She usually travels to Freetown to buy the fish. The fare to Freetown is Le 12,000 and she usually pays a delivery fee of Le 1,000 per carton. In Freetown, the price for a carton of fish ranges between Le 65,000 to Le 95,000 depending on the type and quality.

So far, Kadiatu faces no serious challenge in her business that are worth noting. Business is going fine and well. She enjoys what she does for a living. To Kadiatu and her colleagues in the group, an increase in profit means making their lives better. They will be able to take good care of their children, specifically their educational and nutritional needs, and save some money for emergencies.

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
  • 3,295.0
    Sierra Leone Leones (SLL) = $1 USD