Mr. K. is 50 years old and married, with 10 children, 8 of whom are still in school. He owns a small grocery stall in the Makup Bana village of Makeni in Sierra Leone. With some business skills and the previous loans from SMT, Mr. K. was able to diversify his business. Now he would like to expand further and secure appropriate shelter for the business. A loan of approximately $700 US will help him meet this goal.
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.