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Groundnut Group
In this Group: Salamatu, M'balu, Abie, Mabinty
Salamatu M. who is on the right of the photo, is the leader of this group of local entrepreneurs who named their group Groundnut, named after the business of the group’s leader. They have come to SMT/Kiva lenders for the first time to seek a loan of SLL 500,000 for each person for the purpose of expanding their businesses. Thirty-two-year-old Salamatu sells ground-nut/peanuts in retail. She has been a businesswoman for 7 years now. Salamatu, who was born in Kamakwe town, in northern Sierra Leone, is married to a soldier and they have 6 children; one is already grown-up and on his own, and the rest are still attending schools. Salamatu wants this loan in order to expand her business by buying ground-nuts in wholesale and then retailing them at the Makeni Teko Barracks.

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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $8,963,475
    Funds lent in using Kiva
  • 3,905.0
    Sierra Leone Leones (SLL) = $1 USD