Check out some available loans that are similar to this one!
Tainratha Group
In this Group: Memuna, Adamsay, M'balu , Abdul
These people are members of the Tainrantha Group. They are (from right to left) M’Balu K., Memuna L., Abdul M., and Adamsay K. (with her small photo attached, she is a group member who was not able to be at the group meeting. Her picture was taken during a later visit). They are small-scale businesspeople in Magburaka town and have benefited from previous SMT loans. Previous SMT loans have made a lot of improvements in their lives and businesses. As a result of such loans, they were able to improve their businesses, make better sales and profit and consequently improve their standard of living. Having repaid their last loan successfully, they are again requesting a new loan of Le 4,200,000 to further strengthen their businesses.

Memuna L. (in the middle) is the leader of this group. Memuna is approximately forty years of age. She was born in Lunar, in northern Sierra Leone. She is married in Magburaka town to a businessman and they have five children together. One of their children is now in college; the others are in secondary and primary schools. Memuna sells fresh fish and has been in this business for more than twenty years. With this loan, Memuna will be able to buy an additional two cartons of fresh fish. A carton of fish usually costs her Le 500,000 in Freetown.

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
  • 6
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    Funds lent in using Kiva
  • 3,400.0
    Sierra Leone Leones (SLL) = $1 USD