Mohamed K. is an approximately 53-year-old man who lives in Makeni city in northern Sierra Leone with his wife and their 5 children. Mohamed has been a businessman for many years now. He sells local produce like rice, ground-nuts, and beans.
Mohamed has requested a loan of SLL 3,000,000 from Kiva field partner Salone Micro Finance Trust (SMT) in order to expand his business. He will use the loan to buy bags of rice, ground-nuts, and beans to add to his current stock. In this way, his business will improve both in size and quality, making sales and profit-to-sales-margin improve for him.
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.