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People Yone Group
In this Group: Musu, Marian, Mamie Sao, Adama, Isha
Meet the members of the “People Yone” group from Makeni, a city in northern Sierra Leone. They are all local entrepreneurs who have come to SMT, a partner of Kiva, to apply for a loan of SLL 500,000 for each member. With the help of this loan, they will be able to expand their businesses, make more sales and consequently improve on their living conditions.

Musu T. is the leader of this group. The 22-year-old is married to a businessman and they have three children. Musu has been a businesswoman for five years now. She sells market food – vegetable oil, groundnuts, fish, sugar and other cooking condiments. With her share of this loan, she will be able to expand her business by buying the above mentioned items in larger quantities to add to her current stock.

(Also included in the right of the photo is loan officer Wallie Mansaray, handing the loan to the clients.)

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

  • $903
    Average annual income
  • 43
    View loans »
    Sierra Leone Loans Fundraising
  • $9,192,975
    Funds lent in using Kiva
  • 4,150.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of People Yone Group's $625 loan helped a member to buy vegetable oil, groundnuts, fish, sugar and cooking condiments in large quantities for resale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011