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Basawadima Group
In this Group: Josephine , Sia , Mariama, Sarra, Titus
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, northern Sierra Leone, is very pleased to present to you members of the “Basawadima” group. These are small-scale entrepreneurs who have come to SMT/Kiva lenders to seek a loan of 500,000 Sierra Leonean Leones (SLL) for each member in order to invest in her respective business.

Josephine is the leader of this group. She is 45 years old and married with five children – one in primary school, three in secondary school, and one in college. Josephine sells cooking oil, rice, drinks, mints, etc. With the help of this loan, Josephine will invest in her business by buying the above mentioned items in bulk to add to her business.

(Also included in the photo is loan officer Edward A. Ndoinjeh, handing over the loan to the borrowers.)

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
  • 6
    View loans »
    Sierra Leone Loans Fundraising
  • $8,977,275
    Funds lent in using Kiva
  • 4,310.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Basawadima Group's $600 loan helped a member to buy palm oil, margi, salt, pepper, fish, etc., at wholesale to add to her business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2012
Listed
May 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013