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

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 21, 2007 Oct 12, 2005
Total Loans $4,081,825 $590,831,750
Amount of raised Inactive loans $0 $819,825
Number of raised Inactive loans 0 696
Amount of Paying Back Loans $379,475 $116,310,325
Number of Paying Back Loans 305 123,737
Amount of Ended Loans $3,702,350 $473,701,600
Number of Ended Loans 4,149 601,061
Delinquency Rate 2.93% 4.21%
Amount in Arrears $5,467 $3,160,641
Outstanding Portfolio $186,551 $75,153,836
Number of loanDelinquent 54 14,150
Default Rate 0.23% 1.13%
Amount of Ended Loans Defaulted $8,627 $5,347,284
Amount of Ended Loans $3,702,350 $473,701,600
Number of Ended Loans Defaulted 57 16,817
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $536,853
Refund Rate 0.39% 0.77%
Amount of Refunded Loans $15,750 $4,537,625
Number of Refunded Loans 19 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 62.60% 74.18%
Average Loan Size $239 $418
Average Individual Loan Size $548 $655
Average Group Loan Size $1,032 $1,828
Average number of borrowers per group 4.7 8
Average GDP per capita (PPP) in local country $903 $3,430
Average Loan Size / GDP per capita (PPP) 26.46% 12.20%
Average Time to Fund a Loan 4.09 days 5.6 days
Average Dollars Raised Per Day Per Loan $58.36 $74.74
  Average Loan Term 9.11 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,025 295,934
  Journaling Rate 44.12% 42.37%
  Average Number of Comments Per Journal 0.21 0.08
  Average Number of Recommendations Per Journal 6.07 1.87

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 63% PY 47.00% PY 33.27% PY
  Profitability (return on assets) 11.9% -9.5% -1.45%
  Average Loan Size (% of per capita income) 40.20% 28.00% 40.88%

Country Fast Facts

Field Partner Staff

Alusine Bah
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
Safiatu Conteh
Sylvia Umu Conteh
Ibrahim O. Jalloh
Ibrahim Oumarr Jalloh
Yeankain A. Kamara
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