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Ku-Mem Group
In this Group: Isatu, Rugiatu M., Kadie White, Isatu
Kadie is the leader of this group of entrepreneurs. Born in Mano, she is 40 years old, married to a medical officer and the mother of seven children, four of whom are attending secondary and tertiary institutions. Kadie sells gara lappers (locally dyed clothes) and Bamako clothes (clothes dyed in Mali). She has been a businesswoman for many years now.



With the help of this loan, Kadie and her group members will be able to expand their businesses, make more sales, and thereby improve their living conditions. Kadie will use her share of the loan to buy gara lapper-making materials – ink, caustic soda, powder, white cotton clothes, etc. in order to produce a larger quantity of clothes 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

  • $903
    Average annual income
  • 36
    View loans »
    Sierra Leone Loans Fundraising
  • $9,111,150
    Funds lent in using Kiva
  • 4,349.5
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Ku-Mem Group's $650 loan helped a member to buy gara lapper-making materials – ink, caustic soda, powder, white cotton clothes, etc. in order to produce a larger quantity of clothes for sale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013