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Because Of Group
In this Group: Fatu, Isatu, Mariatu, Mamusu, Emma
These are small-scale businesswomen in Magburaka, a town in northern Sierra Leone. They have come to SMT, a partner of Kiva.org, to seek a loan to enable them to expand their businesses. With this loan they will be able to add more stock to their businesses, make more sales, and more profit. Consequently, they will be able to improve their standard of living by sending their children to school, feeding and clothing them.

Fatu K. is the leader of this group. She was born in Magburaka 55 years ago. Fatu is married and has seven children. Her husband is an electrician and six of her children have grown up and finished school; one is still in secondary school. Fatu sells rice and palm oil. With her share of the loan, she will expand her business by buying more rice and palm oil wholesale.

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
  • 4
    View loans »
    Sierra Leone Loans Fundraising
  • $8,870,850
    Funds lent in using Kiva
  • 4,250.0
    Sierra Leone Leones (SLL) = $1 USD