Mohamed learned bread-baking in one of the skills development centers established by an NGO for school dropouts. After the training, Mohamed started his business with $20 in capital, using a local bakery. With his first and second loans from SMT, his business expanded and production increased. With his third loan Mohamed built a small bakery from bricks. He has seen his business growing, and has been able to pay his loans on time. He is requesting more loans to hire laborers, purchase more supplies and expand his market outlet. Mohamed is 22 years old and married with one child. His vision is to eventually see his children through their educations and for them to not drop out of school like him.
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.