Abdul is a 39-year-old male who works at a sugar company in the town of Magburaka in the northern province of Sierra Leone. While doing that, he has also been a farmer for the past 5 years. Abdul and his wife have three children, all of whom are in primary schools. The family’s livelihood depends on generating income through the efforts of both his wife and himself, and Abdul is requesting a loan for SLL 2,000,000 from Salone Microfinance Trust, a Kiva partner in Sierra Leone. Abdul will buy more agricultural seeds and hire workers. Abdul will be able to repay his loan through automatic payroll deductions, a service provided through SMT’s partnership with his employer, the sugar company.
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.