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Dry Fish Seller Association Group
In this Group: Mariama , Isata , Wuyah V., Fatmata , Messie
Mariama is the featured leader of this group of entrepreneurs. Mariama is 32 years old and was born in Kenema city. She is married to a teacher and the couple has 2 children who are attending primary and secondary schools. Mariama sells dried fish and has been doing this business for many years now. Together, they have applied for a loan of SLL 4,000,000 in order to add more inventories into their respective businesses. This will lead to more sales and profit and will consequently improve their standard of living. Featured leader Mariama will use her share of the loan (SLL 800,000) to buy baskets full of dried fish 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

  • $2,100
    Average annual income
  • 29
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,175
    Funds lent in using Kiva
  • 4,327.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Dry Fish Seller Association Group's $925 loan helped a member to buy baskets full of dried fish to add to her current stock.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 19, 2014