Abdulai started running his business in 2002 by selling cola nuts. According to him, he had $45 of business capital. In 2003 he joined the SMT program and was able to take a $40 loan which he invested on used clothes. Abdulai accessed loans from SMT several times and won an award from the UNDP for being an on-time repayment client in Koinadugu district. His business has expanded from selling cola nuts to selling blankets, bedsheets, towels and men's clothing. Abdulai is married with six children and the children are all in school. At 58 years old, he would like to expand his business and later hand it over to one of his children. He is therefore requesting the loan for the purpose of expansion.
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.