Check out some available loans that are similar to this one!
Potal Group
In this Group: Alhaji Baba, Seray, Bailor
Alhaji Baba J. is 26 years old and the group leader. The group started some years ago as a rotating savings and credit association (ROSCAs) and became stronger when they joined the SMT program. With their previous loans, they expanded their businesses and would like to continue doing so. Bailor J. sells fuel and engine oil, Seray B. raises goats and has a small stall of grocery items for sale, and Alhaji Baba J. has a grocery shop in the village. They are requesting a loan of approximately $625 US, or about $208 US for each member.

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
  • 8
    View loans »
    Sierra Leone Loans Fundraising
  • $8,977,275
    Funds lent in using Kiva
  • 2,922.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Potal Group's $625 loan helped a member capital to expand their enterprises: a grocery shop, fuel oil sales, and goat raising.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 2, 2008
Listed
Apr 18, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009