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Mohamed Lamin's Group
In this Group: Mohamed Lamin, Mohamed M., Saidu, Peter, Sulaiman M.
This group of soldiers are requesting a loan in the amount of US$ 1,375. Three of them will give their share of the loan to their wives to invest in business so that the proceeds they get from these businesses will complement their salaries. The other two will use theirs to complete the building of houses they have already started. Their names are (right to left), Mohamed Lamin M., Mohamed M. K., Saidu Kabba, Peter K. and Sulaiman K.. Mohamed Lamin M. (for this purpose) is the leader of this group. He is 27, born in Kailahun, over 150 miles from Makeni. He has two children who are currently living in Freetown with their mom. His wife will invest this loan in her current soft drink business.

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
  • 2,943.6
    Sierra Leone Leones (SLL) = $1 USD