This is the first loan Ibrahim is seeking from SMT. He is requesting a loan of Le 3,000,000.00 to enable him to buy more cattle. He buys the cattle from Doguliya and other villages surrounding Kabala. The price per cattle varies depending on the size of the cattle. Prices range from Le 70,000.00 to 100,000.00. He then sells cattle in Kabala for prices ranging from Le 80,000 to 110,000.00. Ibrahim's immediate goal is to build a house, manage his resources well, and invest in the education of his children.
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.
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Success!! The loan was 100% repaid