September 11, 2011

As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.

During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff. 

The information gathered during this process, together with the Kiva's new risk rating system and half-star support, has led us to revise SMT's risk rating from 4 to 3 stars. The analysts have found that SMT's risk variables, reviewed in the new risk rating model, were most representative of a 3-Star rating.

We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio.  To view that, please go here:

SMT has been informed of our analysts’ findings and their corresponding change in rating.

Original Partner Description

Salone Microfinance Trust (SMT)
is an independently run microfinance institution, founded by ChildFund International in Sierra Leone, an affiliate of the international humanitarian aid organization ChildFund International. SMT’s approach of concentrating in ChildFund program communities helps ensure that it reaches vulnerable populations and integrates micro-enterprise development with more traditional ChildFund programs whose focus is the well-being of vulnerable families.

Over the last three years, SMT has become a major participant in the active and progressive microcredit sector in Sierra Leone.

Mission statement: SMT’s mission is “To reduce poverty among the economically active poor by providing sustainable access to financial services”.

Goals: SMT’s goals are to:

Vision: SMT’s vision is “To be a financially self-sufficient institution, with an outreach that is broad, deep and having a significant impact on the lives of the economically active poor and their families to which it serves”.

SMT's website is, and the organization can be contacted via email at

  • Support micro-entrepreneurs to strengthen and expand their businesses
  • Assist individuals to create their own livelihoods
  • Help micro-entrepreneurs build their capacity to manage businesses
  • Help create employment in rural areas
  • Recruit and retain committed, honest and qualified staff, who recognize the value of clients needs
  • Increase target areas independence from humanitarian assistance

Kiva HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 21, 2007 Oct 12, 2005
Total Loans $3,903,975 $537,835,100
Amount of Raised Inactive Loans $0 $320,475
Number Of Raised Inactive Loans 0 249
Amount of Paying Back Loans $413,825 $109,850,425
Number Of Paying Back Loans 341 113,387
Amount of Ended Loans $3,490,150 $427,664,200
Number Of Ended Loans 3,968 549,502
Delinquency Rate 3.30% 3.39%
Amount In Arrears $6,559 $2,403,768
Outstanding Portfolio $198,535 $70,950,902
Number of Loans Delinquent 56 10,653
Default Rate 0.21% 1.01%
Amount of Ended Loans Defaulted $7,286 $4,334,868
Amount of Ended Loans $3,490,150 $427,664,200
Number Of Ended Loans Defaulted 49 14,050
Currency Exchange Loss Rate 0.00% 0.06%
Amount of Currency Exchange Loss $0 $298,028
Refund Rate 0.40% 0.82%
Amount of Refunded Loans $15,750 $4,417,000
Number Of Refunded Loans 19 4,864

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 62.51% 74.09%
Average Loan Size $238 $417
Average Individual Loan Size $546 $656
Average Group Loan Size $1,024 $1,812
Average Number Of Entrepreneurs Per Group 4.7 8
Average GDP Per Capita (PPP) in Local Country $903 $3,463
Average Loan Size / GDP Per Capita (PPP) 26.39% 12.05%
Average Time To Fund A Loan 3.83 days 5.28 days
Average Dollars Raised Per Day Per Loan $62.20 $78.99
  Average Loan Term 9.09 months 10.05 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,992 268,526
  Journaling Rate 41.97% 42.10%
  Average Number Of Comments Per Journal 0.21 0.09
  Average Number Of Recommendations Per Journal 6.17 2.06

Kiva HelpBorrowing Cost Comparison (based on 2011 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Portfolio Yield 57.50% 56.80% 34.93%
  Profitability (Return on Assets) 9.4% 6% -1.11%
  Average Loan Size (% of Per Capita Income) 40.20% 35.80% 42.70%

Kiva HelpCountry Fast Facts

Field Partner Staff

Kadiatu Bah
Mosses Y. Bangura
Zainab Bangura
Daniel B. Banya
Abibatu A. Conteh
Alieu Conteh
Alpha Conteh
Edna B. Conteh
Elizabeth E. Conteh
Mary V. Conteh
Mary Y. Conteh
Sylvia Umu Conteh
Ibrahim O. Jalloh
Ibrahim Oumarr Jalloh
Mabinty J. Kanu
Betty Khoury
Marian Kobie
Gibrill Koroma
Masso Koroma
Fayia Kpakaa
Albert M'bayo
Fatmata Mansaray
Bockarie D.S Marah
Jonathan Marah
Harold M. Massaquoi
Lloyd McCormick
Mohamed Munu
Morie Mustapha
Simeon S. Mustapha
Edward A Ndoinjeh
Vincent A Ndoinjeh
Maladoh Sawaneh
Bernedette Sesay
Nancy Sesay
Ahmed B. Shaw
Archibald David Shodeke
Mohamed L. Tarawalie
Ibrahim Garanke Tunkara
Joseph A Turay
Melvina N. Turay
Rosaline S. Turay
Sarah Nbonga Turay
Alieu Vandy