Fasineh is 36 years old and is married with 5 children. With a loan he received from SMT, Fasineh purchased planted vegetables for sale. As a result, he was able to generate Le. 400,000 of net profit. In turn, he used that profit to purchase 10 bags of pigeon peas for export to Liberia to generate additional income. As a farmer, he would like to expand his farming operations and activities. He is therefore requesting a loan of Le. 1, 000,000 to hire labourers and to purchase fertilizer and rice for growing purposes.
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.