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Blessing Group-Ii
In this Group: Bintu, Fanta, Jeneba, Foday, Abie

Update on Blessing Group-Ii

Season’s greetings are coming to you from your borrowers in Koidu City, in eastern Sierra Leone. Members of the "Blessing II" group are very pleased to inform you that the previous loan they received from you has been very helpful in boosting their respective businesses. Each member of the group experienced vast improvements in their business.

Group leader Bintu, for example, has been able to build a six bedroom house out of the profit she makes from her business. She also pays school fees for her children out of the little profit she makes on a daily basis.

Having finished repaying that loan successfully, group members are again requesting a new loan, this time for 800,000 Leones for each. With the help of this new loan, their businesses will further improve both in size and quality.

The group leader, Bintu, will again use her share of the loan to buy cooking ingredients like rice, palm oil (the most popular cooking oil), tomatoes, Maggi (used to give sauce a sweet taste), onions, etc. in order to produce a larger quantity of cooked rice and sauce for sale.

(Also included in the photo is loan officer Edmond, in the white shirt)

Previous Loan Details

Bintu is the leader of this group of entrepreneurs. Bintu was born in Koidu city about 45 years ago. She is married to a trader and the couple has four children who are attending primary and secondary schools. Bintu sells cooked food and has been operating this business for 25 years now. With ... More from Blessing Group-Ii'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
  • 5
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,050
    Funds lent in using Kiva
  • 4,329.8
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Blessing Group-Ii's $925 loan helped a member to buy cooking ingredients in bulk in order to produce more food for sale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Dec 13, 2012
Jan 8, 2013
Currency Exchange Loss:
Oct 18, 2013
This photo was used before for a previous loan for Blessing Group-Ii. It was first posted on Kiva on Mar, 2012. Learn More