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Good Family Grafton Group
In this Group: Ya Bom , Kadiatu , Neneh , Mariatu , Mabinty
In the photo are members of the “Good Family Grafton” group. They are small-scale businesswomen based in Waterloo, a town in western Sierra Leone. They are requesting a loan of 4,200,000 Leones for the entire group in order to add more inventories into their respective businesses. In this way, they will be able to attract more customers, make more sales and a better profit. Consequently, this will lead to improvement in their standard of living.

The leader of this group is Mariatu. Mariatu is age 30; she was born in the village of Mangekoya, in northern Sierra Leone. But she is currently residing in Waterloo, together with her husband and three children. For many years now, Mariatu has been doing a business; she sells rice, palm oil, onions, tomatoes, etc., and with her share of this loan, she is going to buy the above-mentioned items in bulk to add to her current stock..

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

  • $2,100
    Average annual income
  • 33
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,200
    Funds lent in using Kiva
  • 4,319.7
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Good Family Grafton Group's $975 loan helped a member to buy rice, palm oil, onions, tomatoes, etc., in bulk to add to her current stock.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2013
Listed
Feb 17, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013