Fatu A. is thirty-three years of age and married with four children. She started her business three years ago on a very small scale in Kabala town in Sierra Leone. Fatu changes her business activity according to the season. She sells clothes at certain seasons and engages in the buying and selling of agricultural products during harvest periods. Fatu also purchases food crops such as rice, dried beans, palm oil and honey, and stores them until they are scarce in the market, then she sells them at a higher price. She plans to build a shelter for her business at the market and is therefore requesting a loan of $200.
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.