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Believe Usef Ii Group
In this Group: Adama, Yeabu, Kadiatu
Pictured here are members of the “Believe Usef II” group from the small town of Waterloo, near Freetown, Sierra Leone’s capital city. Members of this group are all local entrepreneurs in Waterloo, where “Shine on Sierra Leone” has partnered with SMT to start a branch. They are seeking a loan of SLL 1,500,000 from Kiva lenders in order to invest in their businesses.

Thirty-eight-year-old Adama K. (pictured in the middle) is the leader of the group. She was born in Waterloo, is married to a soldier, and they have four children – one of her children is in senior secondary school II, one in JSS I, one in class V and the last is in nursery school. Adama has been a businesswoman for more than twenty years now. She sells dried fish. With her share of this loan (SLL 500,000), she will expand her business by buying basketsfull of dried fish to add to her current stock.

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
  • 47
    View loans »
    Sierra Leone Loans Fundraising
  • $10,094,200
    Funds lent in using Kiva
  • 3,856.6
    Sierra Leone Leones (SLL) = $1 USD