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Sabenty Traders 1 Group
In this Group: Aminata , Isatu , Isatu , Abie , Mariatu
In the photo are members of the “Sabenty Traders I” group. They are small-scale businesswomen based in Waterloo, a small town near Freetown, Sierra Leone’s capital city. This is the first loan these entrepreneurs are accessing from SMT/Kiva lenders. With this loan, they will be able to expand their respective businesses, make more profit and consequently, improve on their standards of living.

The featured leader of this group is Aminata. Aminata is age 39; she was born in Masampa village, but she is currently residing in Waterloo, together with her husband and six children. Her husband is a driver, and two of her children are attending primary and secondary schools. For many years now, Aminata has been selling charcoal, foo-foo (food made out of cassava roots), palm oil (the most popular cooking oil), etc. With the help of this loan, Aminata will buy the aforementioned 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

  • $903
    Average annual income
  • 21
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    Funds lent in using Kiva
  • 4,261.1
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabenty Traders 1 Group's $600 loan helped a member to buy charcoal, foo-foo (food made out of cassava roots), palm oil, etc., in bulk to add to her current stock.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2013
Listed
May 18, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014