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Loko Group
In this Group: Abie , Fatmata, Isatu, Marie
Here are Abie N., Fatmata M., Isatu K. and Marie C.. They call their group Loko Group, named after their tribe. This will be the first loan this group is accessing from SMT/Kiva. They are requesting a loan of Le 500,000 for each. With this loan, they will be able to expand their businesses by adding more goods to their businesses. This will enable them to make better profit so that they can better meet their children’s academic, nutritional and medical needs.

Abie N. (left) is the leader of this group. Abie was born in Gbemdembu village about fifteen miles from Makeni city. She is married to a road constructor and they have three children. Abie and her husband have to work hard to pay school fees and other school-related charges for their three children who are still attending school. Abie has been selling fire-wood and palm-oil (the most popular cooking oil) for the past seventeen 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
  • 54
    View loans »
    Sierra Leone Loans Fundraising
  • $9,327,250
    Funds lent in using Kiva
  • 3,297.0
    Sierra Leone Leones (SLL) = $1 USD