Binta T. is a 42-year-old woman. She was born in Bombali, a district in northern Sierra Leone. She lives in Makeni city together with her husband who is a school teacher and her three school-going children. Binta is a businesswoman who sells cloths called “Bamakos.” She has been a businesswoman for many years now.
Binta has requested a loan of SLL 3,500,000 from Kiva field partner Salone Micro Finance Trust (SMT) in order to expand her business. She will use the loan to buy Bamako cloths in large quantities to add to her current stock. In this way, her business will improve in size and quality, attracting many customers into her business.
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.