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Foday
Foday is a professional mechanic. He owns a workshop in Makeni town and also provides transport services to the public. Foday would like to diversify and expand his workshop by opening a shop selling spare parts.

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

  • $903
    Average annual income
  • 25
    View loans »
    Sierra Leone Loans Fundraising
  • $9,076,200
    Funds lent in using Kiva
  • 2,974.7
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Foday to diversify his business to include auto parts for sale in addition to offering mechanic services.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 10, 2008
Listed
Mar 25, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009