Funded

Total loan: $725
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Salapateh Group

Sierra Leone
Waterloo, Sierra Leone / Food Market

A loan of $725 helped a member to buy gallons of palm-oil for resale.


Salapateh Group's story

This is Isatu K., Aminata T., Memuna K., Rugiatu B. and Ramatu B.. They call their group Salapateh. They are local entrepreneurs in Waterloo small-town, about 22 miles from Freetown. This is the first loan this group of entrepreneurs is accessing from SMT, a partner of Shine on Sierra Leone. With the help of a loan of LE 500,000 for each entrepreneur, they will be able to expand their businesses, make better profits and consequently improve the status and quality of their businesses.

Isatu K. (right and attached below left) is the leader of the group. She is 23 years old. She was born in a village called Masinra, in northern Sierra Leone. Isatu is a widow with one child who is four years old. Isatu sells palm-oil (the most popular cooking oil), bananas, plantains, cucumbers, pineapples, and any other items she discovers to be in high demand in the market. With this loan, Isatu will buy gallons of palm-oil. Five gallons make a “barter” and a barter of palm-oil costs her LE 60,000, which she sells at LE 65,000 - 70,000. Isatu has been in business for a year now.

In this group: Isatu, Aminata, Memunatu, Rugiatu, Ramatu
*not pictured



Loan details

Loan length:

10 months
Disbursed date: August 14, 2009
Facilitated by Field Partner: Salone Microfinance Trust (SMT), a partner of ChildFund International

Lenders and lending teams



Loan details

Loan length:

10 months
Disbursed date: August 14, 2009
Facilitated by Field Partner: Salone Microfinance Trust (SMT), a partner of ChildFund International