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Perseverance Group
In this Group: Augustine, Noah , Mohamed S., Alimamy, Mariatu
These are people with small-scale businesses in Waterloo small town, where “Shine on Sierra Leone” partnered with SMT to start a branch. They have come to SMT/Kiva to seek a loan of SLL 3,000,000 to enable them expand their businesses. With the help of this loan, they will be able to add more stock to their businesses, make more sales, and make more profit. Consequently, they will be able to improve their standard of living.

Augustine K. is the leader of this group. He was born in Moyamba, in southern Sierra Leone. He is age thirty-five, is married, and has three children. His wife is a businesswoman and his children are attending schools: two in secondary school and one in primary school.

For seventeen years now, Augustine has sold CDs and tapes. With the help of this loan, he will buy more CDs and tapes of popular local and international artists to add to his business.

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
  • 3,900.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Perseverance Group's $775 loan helped a member to buy CDs and tapes of popular local and international artists to add to his stock.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jun 23, 2010
Jul 4, 2010
Currency Exchange Loss:
Mar 24, 2011