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Progress I Group
In this Group: Thaimu, Fatmata, Fatmata, Mahawa
This is the Progress Group: Thaimu C., Fatmata M., Fatmata B., and Mahawa C.. They are requesting a loan of Le 3,200,000.00 to help them expand on their businesses.

Thaimu is the leader of this group. He is 42 and married to a businesswoman. They have two children, who are both attending primary school. Thaimu sells medicine and has been in the business for the past twenty years.

He will use this loan to invest in his business by increasing his stock. He usually travels to Freetown (570 miles round trip) to buy stock of medicine. With more goods to sell, Thaimu will not have to travel to Freetown as much and he will also likely see more profit. With increased profit, Thaimu's life will become better. He will be able to pay his children's school fees and improve his family's standard of living.

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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $8,963,475
    Funds lent in using Kiva
  • 2,977.5
    Sierra Leone Leones (SLL) = $1 USD