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God's Grace Group
In this Group: Munda , Fatmata, Ibrahim B, Amidu
This is the second loan that Munda and his group members have applied for from SMT/Kiva lenders. With the help of their previous Kiva loan, they were be able to expand their businesses, make more sales, and consequently improve their living conditions. Having completed repaying their previous loan successfully, they are again requesting a new loan of SLL 3,100,000 in order to further expand their businesses.

Munda T. is the leader of this group of entrepreneurs. Born thirty-nine years ago in the town of Matru Johng, Munda is married and has five children. For four years now, Munda has been selling house-building materials – cement, iron-rods, paint, etc. Munda will use his share of the loan (SLL 800,000) to expand his business; he will buy house-building materials in large quantity to add to his 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

  • $903
    Average annual income
  • 41
    View loans »
    Sierra Leone Loans Fundraising
  • $9,194,175
    Funds lent in using Kiva
  • 4,300.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of God's Grace Group's $725 loan helped a member buy house-building materials in large quantity to add to his business inventory.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2011
Listed
Mar 21, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2012