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Pay Peoples Money Group
In this Group: Hawa, Sento, Amie , Agness, Adama
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, Northern Sierra Leone is very pleased to present to you members of the “Pay Peoples Money” group. These are small scale entrepreneurs who have come to SMT/Kiva lenders to seek for a loan of 300,000.00 Leones for each in order to invest in their respective businesses.

Sento is the leader of this group. Sento is 40-year-old, married with 4 children – 2 in secondary school and 2 in college. Sento sells market food – salt, onions, pepper, tomatoes, etc. and has been doing this business for many years now. With the help of this loan, she will invest in her business by buying the above mentioned items in bulk to add to her current ones.

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
  • 30
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,175
    Funds lent in using Kiva
  • 4,349.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Pay Peoples Money Group's $350 loan helped a member to buy market food – salt, onions, pepper, tomatoes, etc.in bulk to add to her current ones.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2012
Listed
Oct 22, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013