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Ta Try Group
In this Group: Baromi, Adama, Kadiatu
These are small-scale businesswomen from the northern city of Makeni. They have come to SMT for the very first time to seek a loan of Le 500,000 each to enable them expand their businesses. With a loan of Le 500,000, they will be able to add more stock to their businesses, make more sales, and more profit. Consequently, they will be able to improve their standard of living by sending their children to school, and feeding and clothing them.

Baromi B. (on the left in the photograph) is the leader of this group. She was born in Matotoka Village in northern Sierra Leone, about twenty-seven years ago. She is married to a businessman and they have four children. Two of her children are in secondary schools and two are in primary schools. Baromi sells market food – rice, palm-oil (the most popular cooking oil), salt, pepper, onions, and so on. She has been in this business for more than ten years. Baromi will invest this loan in her business by buying more of the same goods to add to her current stock of goods.

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

  • $2,100
    Average annual income
  • 14
    View loans »
    Sierra Leone Loans Fundraising
  • $9,542,800
    Funds lent in using Kiva
  • 3,712.5
    Sierra Leone Leones (SLL) = $1 USD