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Sisters Of Destiny Group
In this Group: Mariama , Mariatu , Abibatu , Sallamatu , Adama
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, northern Sierra Leone, is very pleased to present to you members of the “Sisters of Destiny” group. These are small scale entrepreneurs who have come to SMT/Kiva lenders to seek a loan of 3,300,000 SLL for the entire group in order to invest in their respective businesses.

Sallamatu is the featured leader of this group. She is a 39-year-old and she is married with 5 children – 1 in primary school, 3 in secondary school and 1 not yet of school-going age. Sallamatu sells charcoal and firewood. She has been doing this type of business for 15 years now. With the help of this loan, she will buy a large quantity of charcoal and firewood to add to 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
  • 4,319.7
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Sisters Of Destiny Group's $775 loan helped a member to buy a large quantity of charcoal and firewood to add to her business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2013
Listed
Mar 9, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013