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Hope To Succeed Group
In this Group: Salaymatu , Adamsay, Mariatu, Memuna, Memunatu
Meet the members of the “Hope To Succeed” group from Magburaka, a town in Northern Sierra Leone. They are all local entrepreneurs who have come to SMT, a partner of Kiva.org, to apply for a loan of 500,000 SLL 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.

Salaymatu is the leader of this group. The thirty-year-old is married to a teacher and they have two children. Salaymatu has been a businesswoman for over four years now. She sells rice, palm oil and clothes. With her share of this loan, she will buy the above-mentioned items 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
  • 6
    View loans »
    Sierra Leone Loans Fundraising
  • $8,989,225
    Funds lent in using Kiva
  • 4,341.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Hope To Succeed Group's $600 loan helped a member to buy rice, palm oil and clothes wholesale to add to her business inventory.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2011
Listed
Nov 15, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2012