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God Bless Business Group
In this Group: Salamatu, Salamatu, Aminata, Aminata

Update on God Bless Business Group

Salamatu is the leader of this group of entrepreneurs. Salamatu was born in the town of Lunsar, in Northern Sierra Leone, 28 years ago. She is married to a trader. She and her husband have two children, who attend primary schools. For 15 years now, Salamatu has been selling plastic bowls and other plastic containers.



This would not the first loan these entrepreneurs have received from Kiva lenders. A previous Kiva loan created a huge impact in the lives and businesses of these borrowers. With the help of that loan, their businesses increased in size and improved in quality. Sales and profits also increased for these borrowers as a result of the increase in their business inventories.



Having successfully repaid that prior loan, they are again requesting a loan, this time in the amount of 1,200,000 SLL each (4,800,000 SLL total), to further improve and expand their businesses. Salamatu, the leader of this group, plans on using her share of the loan proceeds to buy more plastic containers in order to add to her current stock.

Previous Loan Details

Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, northern Sierra Leone, is very please to present to you the members of the “God Bless Business” group. They are small-scale business women based in Makeni city. They are requesting for a loan of SLL 800,000 to enable them to furthe... More from God Bless Business Group's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 31
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,200
    Funds lent in using Kiva
  • 4,320.6
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of God Bless Business Group's $1,125 loan helped a member to increase inventory by purchasing additional plastic containers.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Nov 5, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for God Bless Business Group. It was first posted on Kiva on Jan, 2011. Learn More