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Work For Yourself Group
In this Group: Henry B., Abdulai
Pictured above are members of the 'Work For Yourself' group from Magburaka, a town in northern Sierra Leone. They are small-scale businessmen who have applied for a loan of SLL 1,000,000 for each person. With the help of this loan, these small-scale entrepreneurs will be able to expand their businesses. Consequently, they can make more sales and improve their living standards.

The leader of this group is 45-year-old Henry B. T.. Henry, who was born in Masugbi village, is married to a businesswoman and they have 5 children. Henry makes a living through the selling of used clothes. He has been selling used clothes for 15 years now. With his share of this loan, Henry will travel to Freetown and buy a bale of used clothes. A bale will cost him SLL 950,000.

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
  • 0
    View loans »
    Sierra Leone Loans Fundraising
  • $8,868,550
    Funds lent in using Kiva
  • 3,798.7
    Sierra Leone Leones (SLL) = $1 USD