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Trust And Pay I Group
In this Group: Fatmata , Samuel , Ruguie , Adama
Meet with members of the “Trust and Pay I” group from Kenema, a city in eastern Sierra Leone. They are all local entrepreneurs who have come to SMT, a partner of Kiva.org, to apply for a loan of SLL 800,000 for each. With the help of this loan, they will be able to expand their respective businesses, make more sales and consequently improve their living conditions.

Fatmata is the featured leader of this group. The 39-year-old is married to a trader and they have three children. Fatmata has been a businesswoman for many years now. She sells palm oil, onions, margi, pepper, etc. With her share of this loan, she will buy the above-mentioned items at wholesale 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

  • $903
    Average annual income
  • 6
    View loans »
    Sierra Leone Loans Fundraising
  • $8,989,225
    Funds lent in using Kiva
  • 4,328.3
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Trust And Pay I Group's $750 loan helped a member to buy palm oil, onions, margi, pepper, and other items at wholesale prices.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2013
Listed
Aug 7, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014