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Fatu
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, Northern Sierra Leone is very pleased to present to you Fatu. Fatu is a small scale entrepreneur who has come to SMT/Kiva lenders to seek for a loan of SLL 4,000,000.00 in order to invest in her businesses.

Fatu sells cloths – “gara lappers” (locally dyed cloths) and “Bamakos” (cloths made in Mali). She also sells household items like dishes, plastic bowls, etc. She has been doing business for twenty years now. Born in Makeni city, the forty-seven-year-old wife and mother of three children has applied for this loan in order to buy gara lapper making materials – ink, caustic soda, powder, etc. in order to produce a large quantities of gara cloths for sale. She will also use part of the loan to buy a bale of Bamako cloths, dozens of dishes and plastic bowls 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.

About Sierra Leone

  • $2,100
    Average annual income
  • 30
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,175
    Funds lent in using Kiva
  • 4,300.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Fatu to buy ink, caustic soda, powder, etc. She will also buy a bale of Bamako cloths, dozens of dishes and plastic bowls to add to her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2011
Listed
Dec 6, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2012