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Masiade Group
In this Group: Sally, Haja , Zainab, Isatu, Mary
These are a group of small-scale entrepreneurs in the town of Magburaka in northern Sierra Leone. They formed themselves into a group they named 'Masiade' in order to apply for a loan from Kiva lenders through SMT. They are requesting a loan of SLL 500,000 each in order to expand their businesses both in terms of size and quality. Consequently, sales and level of income will improve so that they can better support themselves and their children.



On the left in the photo is Sally M., the leader of this group of five. Sally was born in Freetown forty years ago. She is married to a policeman and they now live in Magburaka town together with their four children. Their children are attending secondary and primary schools respectively.



Sally sells cooked rice as her main business and cigarettes, kerosene, mints, chewing gum, biscuits, matches and so on in a little kiosk, called here "Cigarette Box". Sally has been a businesswoman for four years now. With her share of this loan, she will invest in her cooked rice business by buying cooking materials like rice, palm-oil, onions, and fish in large quantity to reserve for daily use. And she will also use part of the loan to invest in her small 'Cigarette Box' business.

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
  • 15
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,550
    Funds lent in using Kiva
  • 3,906.1
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Masiade Group's $650 loan helped a member buy cooking materials like rice, palm-oil, onions, fish in large quantity and invest in her small "Cigarette Box" business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2009
Listed
Dec 18, 2009
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010