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Kuru Orbana Group
In this Group: Marie , Memuna, Fatmata , Fatmata
Marie is the leader of this group of entrepreneurs. Born in a village called Kolisuku, in northern Sierra Leone, fifty-five-year-old Marie is married and has five children. Her husband is a farmer and two of her children are in college. The rest are no longer attending schools.

For over twenty years now, Marie has been selling rice, palm oil (the most popular cooking oil), groundnuts, etc. Marie and her group members have applied for a loan of 800,000 SLL for each from SMT/Kiva lenders. With the help of this loan, they will be able to expand their businesses, make more sales and consequently improve their living conditions. Marie will use her share of the loan to expand her business; she will buy rice, palm oil, groundnuts, etc. wholesale to add to her 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
  • 43
    View loans »
    Sierra Leone Loans Fundraising
  • $9,192,975
    Funds lent in using Kiva
  • 4,341.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Kuru Orbana Group's $750 loan helped a member to buy rice, palm oil, groundnuts, etc. wholesale to add to her business inventory.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2011
Listed
Nov 15, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2012