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Fight For Progress Group
In this Group: Fatmata, Rosaline, Memuna

The members of this group are Fatmata K., Rosaline K., and Memuna K.. They named their group Fight for Progress. Members of this group sell palm-oil, which is considered a very lucrative business among women in Sierra Leone. Palm-oil is used in the preparation of almost all kinds of food, making soaps, and some kinds of medicines.



These business women would like to be loaned the sum of Le 3,000,000.00 to help themselves go further afield to purchase more gallons of palm-oil.



Fatmata, who is the leader of this group, has been in the palm-oil business for two years now. She is 38, married to a farmer, and they have three children.

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
  • 40
    View loans »
    Sierra Leone Loans Fundraising
  • $9,194,175
    Funds lent in using Kiva
  • 2,910.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Fight For Progress Group's $1,050 loan helped a member to buy more gallons of palm-oil to expand their businesses.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 24, 2008
Listed
Jul 4, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009