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Sisters United Group
In this Group: Monica , Aminata , Jaminatu
Monica is the leader of this group of entrepreneurs. Born 34 years ago in Freetown city, Monica is married and has three children. For 15 years now, Monica has been selling plastic bowls, cotton cloths, slippers and more. She will use her share of the loan (SLL 2,000,000) to expand her business; she will buy plastic bowls, cotton cloths, slippers, etc., in large quantities to add to her business.

This is not the first loan that Monica and her group members have applied for from SMT/Kiva lenders. With the help of their previous SMT/Kiva loan, their businesses expanded both in size and quality. With this new loan, they will be able to further expand their businesses, make more profit and consequently improve their standard of living.

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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    Funds lent in using Kiva
  • 4,350.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Sisters United Group's $1,150 loan helped a member to buy plastic bowls, cotton cloths, slippers, etc., in large quantities.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2011
Listed
May 24, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012