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Tayorma Women Group
In this Group: Issata , Sia , Haja , Finda , Sia
Finda is 40 years old and married to a diamond miner. The couple has five children -- two in primary school, one in secondary school, and two who are adults. Finda was born in Feama and is the leader of this group of entrepreneurs. She has been a businesswoman for many years now and works selling food such as rice, palm oil (the most popular cooking oil), margi (to give sauces a sweet taste), flour, sugar, and other products at the market. Despite her financial constraints, Finda has been successful in her business and is able to feed, clothe, and pay school fees for her children.

Finda is requesting a loan to buy the above-mentioned products to add to her stock. Her loan will help her business.

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
  • 0
    View loans »
    Sierra Leone Loans Fundraising
  • $8,868,550
    Funds lent in using Kiva
  • 4,349.6
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Tayorma Women Group's $925 loan helped a member to buy rice, palm-oil, margi, flour, sugar, and other products to sell at the market.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Dec 28, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013