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Tabaksneh Group
In this Group: Mohamed, Isatu, Fatu, Ramatu
These are microentrepreneurs from Makeni, a city in Northern Sierra Leone. They have come to SMT, a partner of Kiva, seeking a loan of 1,500,000 leones each to enable them to expand their businesses. With their loan, they will be able to add more stock to their businesses and make more sales and profit. Consequently, they will be able to improve their standard of living, send their children to school and feed and clothe them.

Mohamed D. (pictured on the left) is the leader of this group. Mohamed was born in one of the villages that make up Sanda, near Makeni. This 41-year-old is married and has three children: two in secondary school and one in primary school. Mohamed sells slippers and has been managing this business for countless years. With his share of the loan, he will buy dozens of slippers to add to his current stock.

Attached to this photo is a snapshot of a borrower who was not able to be present for the group photo.

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
  • 3,875.0
    Sierra Leone Leones (SLL) = $1 USD