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Leh We Help Weself Group
In this Group: Finda , Hawanatu , Salamatu , Aminata
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, Northern Sierra Leone, is very pleased to present to you members of the “Leh We Help Weself” 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 in order to invest in their respective businesses.

Finda is the leader of this group. Finda is 45 years old, married, and has four children, two in primary school and two in secondary school. Finda sells market food: margi (used to give sauce a sweet taste), palm oil (the country’s most popular cooking oil), pepper, etc. She has been doing this business for many years now.

With the help of this loan, Finda will invest in her business by buying the above mentioned items in bulk to add to her business. (Also included in the right of the photo is loan officer Edward)

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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,076,200
    Funds lent in using Kiva
  • 4,300.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Leh We Help Weself Group's $475 loan helped a member to buy palm oil, margi, pepper, etc. in bulk to add to her business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
Possible
Ended:
May 18, 2013