Sankoh says that he spends a lot of money on transport because of having to buy in small quantites and travel so often. He is requesting a loan of $350 to purchase a barrel of engine oil and twenty-five gallons of kerosene to expand his business. The loan will enable him to purchase these goods in bulk, thus reducing the frequency of his procurement trips and cutting down his costs so that he can improve his profit margin.
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.
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Success!! The loan was 100% repaid