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Hotel Lane Traders Group
In this Group: Isatu, Abdul, Rugiatu, Jariatu
Meet with members of the “Hotel Lander Traders” group from Magburaka, a town in northern Sierra Leone. They are all entrepreneurs who have come to SMT, a partner of Kiva, to apply for a loan of SLL 800,000. With the help of this loan they will be able to expand their businesses, make more sales and consequently improve their living conditions.

Isatu K. is the leader of this group. The thirty-five-year-old is married to a businessman and they have three children. Isatu has been a businesswoman for three years now, selling ready-to-wear-clothes. With her share of this loan she will be able to expand her business by buying more clothes at wholesale to add to her current stock. This will help her increase her business sales and profitability.

The inserted photo is of a group member who was not able to be present.

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
  • 8
    View loans »
    Sierra Leone Loans Fundraising
  • $8,977,275
    Funds lent in using Kiva
  • 4,150.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Hotel Lane Traders Group's $775 loan helped a member buy ready-to-wear-clothes at wholesale to add to her current stock.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2010
Listed
Dec 6, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2011