God Gee Group
Aminata T. is the leader of this group of entrepreneurs. Born in Bo city in southern Sierra Leone, the 45-year-old Aminata is married in Magburaka to a businessman and they have 9 children, 7 of whom are attending school – 3 in primary school and 4 in secondary school. Aminata has been a businesswoman for 5 years now. She sells Maggi (used to give sauce a sweet taste), flour, pepper, salt, oil, etc. With her share of this loan, she will expand her business in size and quality by buying the above-mentioned items wholesale and retail them in Magburaka.
(On the right of the photo is the Loan Officer, Abdul Karim Conteh, handing over the loan during disbursement.)
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
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Success!! The loan was 100% repaid