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Mabel Group
In this Group: Soneta, Mabinty , Marie, Mabinty
Here are Soneta K., Mabinty K., Marie K., and Mabinty K.. These are small-scale entrepreneurs from the northern city of Makeni. They are seeking a loan of Le 500,000.00 each to enable them add more goods into their businesses. In this way, they will be able to make more sales and better profit. Consequently, they can better support their children in terms of feeding, clothing and in their academic pursuits.

Soneta K. (on the left in the photograph) is the leader of this group. She is thirty years of age and was born in Makeni city. She is married to a well digger and they have two children together. Soneta has been a businesswoman for three years. She sells palm-oil (the most popular cooking oil), rice, pepper, and several other locally produced goods.

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
  • 0
    View loans »
    Sierra Leone Loans Fundraising
  • $8,868,550
    Funds lent in using Kiva
  • 3,712.5
    Sierra Leone Leones (SLL) = $1 USD