Abdul K. is thankful to Kiva for his previous loan. He increased his stock and built his capital. Before the loan, Abdul owned only 60% of the stock while the other 40% of the goods was taken on credit. Now he owns 80% of the business capital, and he is working hard to be 100% owner of the capital. He has a high hope that Kiva will assist him to build his business and is requesting a loan of Le.2,000,000.
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.