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Biankoama Group
In this Group: Kumba, Aminata, Musu, Theresa, Kadiatu
Kumba is the leader of this group of entrepreneurs. Kumba was born in Eastern Sierra Leone, about 35 years ago. She is married to a businessman and the couple has six children, all of whom are attending school. Kumba sells small foodstuffs in a food market, and has been doing this business for six years now.

With the help of this loan, Kumba and her group members will be able to expand their businesses, make more sales, and consequently improve their living conditions. Kumba will use her share of the loan (SLL 500,000) to buy palm oil, sugar, flour, rice, dried fish, etc. in order to increase her inventory of goods.

Note: the loan officer is pictured in this photo alongside the group members

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
  • 15
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    Funds lent in using Kiva
  • 4,330.0
    Sierra Leone Leones (SLL) = $1 USD