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Promise To Pay Group
In this Group: Fatmata, Adama, Mohamed M., Abubakarr, Isatu
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, Northern Sierra Leone, is very pleased to present to you members of the “Promise to Pay” group. These are small-scale entrepreneurs who have come to SMT/Kiva lenders for a loan of SLL 500,000 for each member to invest in their businesses.

Abubakarr is the leader of this group. Abubakarr is a 27-year-old man, married with one child who is not yet old enough for school. Abubakarr sells shoes and clothing and has been in this business for 10 years. With the help of this loan, Abubakarr will invest in his business by buying different kinds of shoes and clothing in large quantities to resell.

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

  • $2,100
    Average annual income
  • 54
    View loans »
    Sierra Leone Loans Fundraising
  • $9,327,250
    Funds lent in using Kiva
  • 4,349.5
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Promise To Pay Group's $575 loan helped a member to buy different kinds of shoes and clothing in large quantities.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013