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Hope To God Ii Group
In this Group: Posseh, Adamsay, Isatu, Kadiatu
Posseh K. is the leader of this group of entrepreneurs. Posseh was born in Makeni, a city in northern Sierra Leone. She is 28 years of age. Posseh is married to a trader and the couple has two children who are attending primary school. For 10 years now, Posseh has been selling used clothes.

This is first the loan that Posseh and her group members have applied for from Kiva lenders. With the help of this loan, they will be able to expand their businesses, make more sales and, consequently, improve their living conditions. Posseh will use her share of the loan (SLL 800,000) to expand her business. She will buy a bale or two of used clothes to add to her current stock.

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

  • $2,100
    Average annual income
  • 31
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,200
    Funds lent in using Kiva
  • 4,050.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Hope To God Ii Group's $800 loan helped a member to buy a bale or two of used clothes to add to her current stock.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2011