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Talapsu Group
In this Group: Aminata, Mariatu, Mabinty
In the photo are members of the “Talapsu” group. They are small-scale businesswomen based in Makeni, a city in northern Sierra Leone. They are seeking a loan of SLL 1,000,000 for each from SMT/Kiva lenders. With the help of this loan, they will be able to expand their businesses, make more profit and consequently improve their standard of living.

The leader of this group is Aminata K.. Aminata is age thirty; she was born in Makeni city where she is currently residing together with her husband and three children. Her husband is a lecturer and two of her children are attending primary and secondary schools. Aminata has been a businesswoman for more than ten years now, she sells shoes, shirts, jeans, and mobile phones. With her share of this loan, she will buy the above-mentioned items in large quantity to add to her business inventory.

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
  • 62
    View loans »
    Sierra Leone Loans Fundraising
  • $9,347,350
    Funds lent in using Kiva
  • 4,170.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Talapsu Group's $725 loan helped a member buy shoes, shirts, jeans, and mobile phones in large quantity to add to her business inventory.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2010
Listed
Dec 7, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2011