Married with a wife and six children, Lamin has to generate sufficient income to meet his family's expenses. With his last loan, Lamin was able to purchase more goods and sell them on wholesale to retailers in the villages.
He would like to increase his wholesale activity and also involve his wife in the business. He is therefore requesting a loan of $350 (Le.1,000,000) for that purpose.
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.
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Success!! The loan was 100% repaid