Check out some available loans that are similar to this one!
Blessing Iii Group
In this Group: Yei , Saidu , Kumba , Hannah , Ibrahim Aruna
Salone Microfinance Trust is very pleased to present to you members of the "Blessing III" group for the second time. Together, they are requesting a loan of 3,400,000 Sierra Leonean Leones (SLL) to further expand their respective businesses. Featured leader is Yei. Yei is a native of Manjamad. He is 54 years old. He is married to a farmer and the couple has 2 children who are attending secondary schools. Yei has been a businessman for 20 years now. He sells house building materials. With his share of this loan, he is going to buy a large quantity of house building materials to add to his shop.

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
  • $9,015,550
    Funds lent in using Kiva
  • 4,338.4
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Blessing Iii Group's $800 loan helped a member to buy a large quantity of house building materials to add to his shop.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2013
Listed
Dec 21, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014