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Wan Word Movement Group
In this Group: Aminata, Hawanatu, Mbalu
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, in northern Sierra Leone, is very pleased to present the members of the “Wan Word Movement” group. They are small-scale entrepreneurs who have come to SMT/Kiva lenders to seek a loan of 1,500,000 Sierra Leonean leones (SLL) each in order to invest in their businesses.

Aminata is the leader of this group. She is forty years old and married with 4 children – 2 in primary school and 2 in secondary school. Aminata sells market-food - onions, salt, pepper, etc. With the help of this loan, she will invest in her business by buying onions, salt, pepper, etc. in large quantity to add to her current stock.

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
  • 22
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    Funds lent in using Kiva
  • 4,300.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Wan Word Movement Group's $1,050 loan helped a member to buy onions, salt, pepper, etc. to add to her current stock.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2012
Listed
Mar 21, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 18, 2013