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On Time Group
In this Group: Finda, Yeabu, Bamba , Mafila
Finda J., Yeabu K., Bamba J. and Mafila J. have named their group "On Time". They are all local entrepreneurs in Makeni, in northern Sierra Leone. Each one of the group received a loan of Le 500,000 during the last loan cycle. That loan created meaningful impacts in the lives of these borrowers. They were able to use their profits to pay their children’s school fees. They’re also able to feed and clothe themselves and their children with the income generated from the loans. Today, they are requesting a loan of Le 700,000 each to buy more goods to add to their businesses.



Finda (second from left) is the leader of the group. She is forty-five years of age. She was born in Kabala, Kionadugu district in northern Sierra Leone. She is married and has three children. Two of her children are already married and one is in secondary school. She has been a businesswoman since childhood days.



Finda sells cottons, gara lappers (locally dyed cloth with fabricated designs) and firewood. With this new loan, she will expand her business. She travels to Freetown (about 390 miles r/t) to buy the pieces of cotton used for the gara. As for the firewood, she buys it from neighboring villages. The fare to Freetown is Le 12,000 and she usually pays a delivery fee of Le 5,000 for the cottons. In Freetown, a piece of cotton costs something between Le 75,000 to Le 80,000. A truck of firewood costs Le 300,000.



So far, Finda faces no serious challenge in her business that is worth noting. Business is going fine. She enjoys what she does for a living. To Finda and her colleagues in the group, an increase in profit means making their lives better. They will be able to take good care of their children, specifically their educational and nutritional needs, and save some money for emergencies.

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
  • 25
    View loans »
    Sierra Leone Loans Fundraising
  • $9,076,200
    Funds lent in using Kiva
  • 2,985.0
    Sierra Leone Leones (SLL) = $1 USD