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Sankoh K. is forty years old, married with five children. He owns a small shop in the village of Fadugu in Sierra Leone, located near Kabala. He sells engine oil, spare parts, kerosene and bicycles. Sankoh provides a basic but much needed service to the community. He travels very often to Freetown or Makeni to purchase his goods.

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.

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.

About Sierra Leone

  • $2,100
    Average annual income
  • 29
    View loans »
    Sierra Leone Loans Fundraising
  • $9,391,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD