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Saio
Saio was born in Kabala. He is now thirty-five years old. He has a housewife and three children who are attending primary and secondary schools. Saio S. sells cosmetics, cigarettes, batteries, sugar, wax cotton cloths, etc. in Kabala, a town in northern Sierra Leone. Saio has been doing this business for six years now. He wants a loan of Le 3,000,000 to enable him improve on his business. With this loan, he will be able to add more of the above mentioned goods to his business and this will eventually lead to more sales and improve profit. Saio will thus be able to take greater care of his three children and wife.

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.

About Sierra Leone

  • $2,100
    Average annual income
  • 51
    View loans »
    Sierra Leone Loans Fundraising
  • $9,344,750
    Funds lent in using Kiva
  • 4,200.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Saio to buy cosmetics, cigarettes, batteries, sugar and wax cotton cloths in large quantity to add to his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011