Abdul K. is a 47-year-old businessman. He and his wife have seven children, one of whom is married and six who attend school, ranging from the nursery to secondary level. Abdul is seeking a loan of SLL 1,000,000 from SMT and Kiva lenders in order to help him pay the school fees and related costs for his children.
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.