Check out some available loans that are similar to this one!
Baker's Group
In this Group: David, Adama, Mabinty
David is the leader of this group of entrepreneurs. David was born in Makeni city about forty-two years ago. He is married to a businesswoman and the couple has five children – three in primary school and two in secondary school.

David is a baker and has been in this profession for many years now. This is not the first loan that David and his group members have applied for from SMT/Kiva lenders. Previous Kiva loans have helped them a lot in improving their businesses and personal lives.

David is going to use his share of this loan to buy flour, yeast, sugar, etc. in order to produce a larger quantity of bread for sale.

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

  • $2,100
    Average annual income
  • 26
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,175
    Funds lent in using Kiva
  • 4,330.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Baker's Group's $700 loan helped a member to buy flour, yeast, sugar, etc. in order to produce a larger quantity of bread for sale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2012
Listed
Jun 12, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2013