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Lunsar Group
In this Group: Isatu , Isatu, Ramatu, Marie
In the photo are members of the Lunsar Group. They are petty businesswomen in the northern town of Magburaka. They have come to SMT/Kiva lenders to request a loan of 1,000,000 Sierra Leone leones each in order to expand their respective businesses both in terms of size and quality.

The 35-year-old Isatu is the leader of the group. Isatu sells drinks, foodstuffs, batteries, soaps, etc. Isatu is requesting this loan in order to buy the above mentioned items in bulk 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

  • $2,100
    Average annual income
  • 31
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,200
    Funds lent in using Kiva
  • 4,275.6
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Lunsar Group's $950 loan helped a member to buy drinks, foodstuffs, batteries, soaps, etc., in bulk to add to her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2011
Listed
Jun 22, 2011
Currency Exchange Loss:
Possible
Ended:
May 16, 2012