Aminata K. (left) is the leader of this group. Aminata is approximately forty-five years of age. She was born in Mashinra, an outskirt of Makeni. Aminata is married with three children. Her husband is an electrician and her children are attending school – two are in junior secondary school and one is in senior secondary school. Aminata sells gara lappers (locally dyed clothes, sometimes with fabricated designs) and sometimes she also sells palm-oil (the most popular cooking oil). Aminata has been selling gara lappers for nearly twenty years now. She will use this loan to buy ten pieces of “brillians” (thirty yards of white cotton makes one brillian). She will also use part of the loan to buy different colors of ink, soda, powder and pay experts who make the designs on the cottons (brillian).
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.
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