Laneh Kuru Group
This group is called Laneh Kuru (Believe In God in Temne). Its members include Mohammed K. (the group leader), who sells tobacco; Isatu B., who sells clothes; Kadiatu M., who sells palm-oil and pepper (condiments); and Yeadu S..
These people are soliciting a loan of Le 1,800,000.00. This can help them a lot by allowing them to increase the size of their businesses with additional boxes of tobacco, palm-oi,l and pepper. Laneh Kuru's leader, Mohammed, is now 53. He was born in Sanda Loko, about 30 miles north of Makeni. He came to Makeni many years ago with his wife, who also sells groceries, because it is more populated and good for business. He has been in the tobacco business for over 20 years now and has 8 children.
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.
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Success!! The loan was 100% repaid