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Tonkolili Group
In this Group: Isata, Alpha, Mamusu, Posseh
Isatu is the leader of this group of entrepreneurs. Isatu was born in Magburaka town, about forty years ago. She is married to a miner and the couple has 5 children. The children are attending primary and secondary schools. Isatu sells market-food and has been doing this business for fifteen years now.

With the help of this loan, Isatu and her group members will be able to expand their respective businesses, make more sales and consequently improve on their living conditions. Isatu will use her share of the loan (SLL 1,000,000) to buy palm-oil (the most popular cooking oil), salt, dried fish, etc. in large quantity 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

  • $903
    Average annual income
  • 4
    View loans »
    Sierra Leone Loans Fundraising
  • $8,989,225
    Funds lent in using Kiva
  • 4,300.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Tonkolili Group's $950 loan helped a member to buy palm-oil, salt, dried fish, etc. in large quantity to add to her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2012
Listed
Mar 8, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013