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Sakomah Group
In this Group: Memuna, Kadiatu, Yeabu, Sallay, Niamatu
These entrepreneurs are seeking a loan of SLL 800,000 each in order to further boost their businesses. With the help of this loan, they will be able to buy more goods, make more sales and make better profits. Consequently, their living standards will improve, they can at least provide three meals a day for their children, pay their schools fees, buy them clothes to wear, and pay their medical bills if any of them fall sick.

Memuna K. is the leader of this group. She was born in Yele village and is forty-six years of age. She is married to a retired soldier and they have two children who are attending secondary school.

For twenty-eight years now, Memuna has been running a restaurant, selling cooked food and drinks. With her share of this loan, she will be able to buy drinks, rice, and other cooking ingredients wholesale.

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
  • $9,076,200
    Funds lent in using Kiva
  • 3,935.0
    Sierra Leone Leones (SLL) = $1 USD