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For 10 years now, Memunatu has been selling soft drinks, ginger, plastic water bottles, etc. This is the first loan that Memunatu and her group members have applied for from SMT/Kiva lenders. With the help of this loan, they will be able to expand their respective businesses, make more sales and consequently improve upon their living conditions. Memunatu will use her share of the loan (500,000 SLL) to expand her business. She will buy crates of drinks, bundles of plastic water bottles, dozens of ginger, etc. to resell.
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
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Success!! The loan was 100% repaid