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Korkrie Group
In this Group: Alie , Mohamed , Osman , Magboeh , Zainab
Mohamed is the leader of this group of entrepreneurs. Mohamed was born in Northern Sierra Leone 32 years ago. He is married to a trader and the couple has three children, two of whom are attending primary school. The other is not of school-going age. Mohamed sells a wide variety of items including: biscuits, cigarettes, toothpaste, soap, milk, sugar, drinks, etc. He has been a businessman for nine years now.

With the help of this loan, Mohamed and his group members will be able to expand their respective businesses, make more sales and consequently improve their living conditions. Mohamed will use his share of the loan to buy the above-mentioned items in larger quantity to add to his current inventory.

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
  • 20
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    Funds lent in using Kiva
  • 4,318.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Korkrie Group's $700 loan helped a member to buy biscuits, cigarettes, toothpaste, soap, milk, sugar, drinks, etc. in larger quantity to add to his current inventory.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Jan 31, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 22, 2013