The group leader is Marian C.. Marian was born in Magburaka, Tonkolili District, in northern Sierra Leone, 38 years ago. She is married with two school-going children, both of whom are in secondary school. Both she and her husband, who is a businessman, are responsible for their children's schooling and welfare. Through her groundnut trade, Marian is able to meet most of her financial needs. She has been in the groundnut business for the past 15 years. Marian is doing fine in her business, but she still faces a lot of challenges. First, the amount that SMT's credit officer approved for her and her group members is not enough. She had wanted Le 1,000,000.00. This would have enabled her to purchase more bags of groundnuts, and as the dry seasoning is fast approaching, she expects a boom in business. Second, sometimes some of the groundnuts within a bag may be rotten, which means some losses for her business. However, with this loan of Le 800,000.00 approved for Marian, she will be able to buy at least three bags of groundnuts to add to her current stock.
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