Forty-year-old Mohamed S. K. has been selling drugs in Makeni city for 10 years now. This father of 2 primary school-going children is seeking a loan of SLL 4,000,000 in order to expand his business by buying medicines to add to his pharmacy. He would like to invest this loan in such fast-selling medicines as Panadol, ORS, Ibrufen, Septrin, Sudrex, and so on. With the loan, he will travel to the capital city Freetown and buy these medicines wholesale.
Mohamed was born in Makeni and he is married to a petty businesswoman. They have two children who are in classes III and V respectively.
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.