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Faith Ii Group
In this Group: Messie, Tenneh, Ramatu, Ishayatu, Florence
Meet with members of the “Faith II” group from Kenema, a city in eastern Sierra Leone. They are all local entrepreneurs who have come to SMT, a partner of Kiva, to apply for a loan of SLL 500,000 for each. With the help of this loan they will be able to expand their businesses, make more sales and consequently improve their living conditions.

Messie is the leader of this group. The 31-year-old is married to a businessman and they have 4 children. Messie has been a businesswoman for 8 years now. She sells cassava roots. With her share of this loan, she will buy bags of cassava roots in order to expand her business size and quality.

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

  • $2,100
    Average annual income
  • 54
    View loans »
    Sierra Leone Loans Fundraising
  • $9,327,250
    Funds lent in using Kiva
  • 4,350.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Faith Ii Group's $575 loan helped a member to buy bags of cassava roots in order to expand her business size and quality.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2011
Listed
May 27, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 18, 2012