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Tataisuple Group
In this Group: Mohamed , Samuel A.
Meet with members of the “Tataisuple” group from Magburaka, a town in northern Sierra Leone. They are local entrepreneurs who have come to SMT, a partner of Kiva to apply for a loan of SLL 2,000,000. With the help of this loan, they will be able to expand their businesses, make more sales and consequently improve their living conditions.

Mohamed K. (left) is the leader of this group. The 32-year-old is married to a student with no children yet. Mohamed has been a businessman for over three years now. He owns a shop right in the center of Magburaka town where he sells radios, tape recorders, mobile phones, top-up cards, soft drinks, etc. With his share of this loan, Mohamed will expand his business by buying the above-mentioned items at wholesale to add to his current stock.

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
  • 27
    View loans »
    Sierra Leone Loans Fundraising
  • $9,076,200
    Funds lent in using Kiva
  • 3,911.2
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Tataisuple Group's $525 loan helped a member to buy radios, tape recorders, mobile phones, top-up cards, soft-drinks, etc.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2010
Listed
May 5, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 20, 2011