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Iye
This is thirty-five-year-old Iye F.. Born in Karena village, this wife and mother of three children is a small-scale businesswoman in Makeni city. Her husband is a retired and her children are all attending primary and secondary schools.

Iye wants a loan of SLL 4,000,000 to invest in her business. She sells locally dyed cloth (gara lappers). She has been in this business for seven years now. However, her business has been growing at a very slow pace due to the lack of sufficient capital. Thus she has come to SMT/Kiva lenders to apply for a loan in order to expand her business. With this loan, she will buy “brillians” (white cloth), inks, caustic soda, powder and pay artists to make special designs on the white cloth.

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.

About Sierra Leone

  • $2,100
    Average annual income
  • 54
    View loans »
    Sierra Leone Loans Fundraising
  • $9,327,250
    Funds lent in using Kiva
  • 4,050.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Iye buy white cloth, inks, caustic soda, powder and pay artists to make special designs on the white cloth.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2010
Listed
Nov 6, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 20, 2011