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Blessing Iii Group
In this Group: Kumba , Yei , Safea , Hannah , Kumba
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, Northern Sierra Leone is very pleased to present to you members of the “Blessing III” group. These are small scale entrepreneurs who have come to SMT/Kiva lenders to apply for a loan of SLL 500,000.00 for each in order to invest in their respective businesses.

Safea is the featured leader of this group. Safea is 49-year-old, he is married with 2 children – 1 in primary school and 1 in secondary school. Safea sells cloths and building materials. He has been a businessman for 12 years now. He has requested this loan in order to expand his business inventory. He will use this loan to buy more cloths and building materials to add to his 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
  • 15
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    Funds lent in using Kiva
  • 4,329.7
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Blessing Iii Group's $600 loan helped a member to buy more cloths and building materials to add to his current stock.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2013
Listed
Jun 17, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013