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Mena Group
In this Group: Fatmata, Marie, Aminata
Pictured here are members of the “MENA Group" from Makeni, a city in northern Sierra Leone. They are small businesswomen who have come to SMT, a partner of Kiva, in order to ask for a loan of 800,000 SLL for each in the group. With this loan, they will be able to add more goods to their businesses, attract more customers, make more sales and profits, and consequently improve on their living conditions.

The leader of this group of entrepreneurs is Fatmata K.. She was born in 1967 in the northern city of Makeni. She is married and has six children. Her husband is retired and sick at home, and two of her children are attending primary and secondary schools.

Fatmata sells firewood, rice, onions, margi (used to give sauce a sweet taste), cigarettes, etc. She has been a businesswoman since her childhood days. With her share of this loan, she will buy the above mentioned items in large quantities to add to her business.

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
  • 0
    View loans »
    Sierra Leone Loans Fundraising
  • $8,868,550
    Funds lent in using Kiva
  • 4,237.5
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Mena Group's $575 loan helped a member to buy firewood, rice, onions, margi, cigarettes, etc. in large quantities to add to her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2011
Listed
Feb 9, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2011