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Malaneh Enterprise Group
In this Group: Kadiatu , Amie , Memunatu
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, northern Sierra Leone, is very pleased to present to you the members of the Malaneh Enterprise Group. These are small-scale entrepreneurs, who have come to SMT/Kiva lenders to apply for a loan. They requested 1,500,000 SLL for each group member, which they will invest in their respective businesses.

Kadiatu, who is pictured on the right, is the featured leader of this group. Kadiatu is 51 years old, and she is married and has three children. One of her children is still attending primary school, and the others are no longer attending school. Kadiatu sells food at a market – for example, rice and palm oil. She has been doing business for 15 years. She has requested this loan in order to buy a large quantity of rice, palm oil, and other foods, to add to her inventory.

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
  • 14
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,550
    Funds lent in using Kiva
  • 4,329.7
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Malaneh Enterprise Group's $1,050 loan helped a member to buy a large quantity of rice, palm oil, and other foods, to resell at the food market.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
Jun 2, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014