Check out some available loans that are similar to this one!
Tailoring Group
In this Group: Amara , Mark , Maada A., Augustine , Abu
Pictured here are members of the Tailoring Group from Kenema, a city in eastern Sierra Leone. These young gentlemen are tailors who have come to SMT, a partner of Kiva, in order to apply for a loan of SLL 500,000 for each in the group. With this loan, they will be able to expand their tailoring business, attract more customers, make a better profit and consequently improve on their living conditions.

The featured leader of this group of tailors is Amara. He was born in the city of Kenema 54 years ago. He is married and has six children. His wife is a businesswoman and five of his children are attending primary and secondary schools. The last is not of school-going age. Amara has been a professional tailor for many years now. He has requested this loan in order to buy tailoring materials like cloth, thread, pauplin, and related items in order to sew a large quantity of clothes for sale.

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
  • 4,277.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Tailoring Group's $600 loan helped a member to buy tailoring materials like cloth, thread, pauplin, and other items in order to sew a large quantity of clothes for sale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
May 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014