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No Joke Group
In this Group: Fatmata, Christiana, Francis, Alima, M'balu
Pictured here are the members of the “No Joke” group from the small town of Waterloo where “Shine on Sierra Leone” partnered with SMT to start a branch.

The leader of this group of entrepreneurs is 44-year-old Fatmata B. who is pictured on the right. Fatmata was born in a town called Tongo, in eastern Sierra Leone. She is married to a businessman and the couple has three children: two in primary school and one in senior secondary school I (JSS I) .

For ten years now, Fatmata has been selling bags of cement. With the help of this loan, she will be able to expand her business. She will travel to Freetown, which is about 26 miles from Waterloo to buy cement wholesale and retail it in Waterloo.

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
  • 40
    View loans »
    Sierra Leone Loans Fundraising
  • $9,980,225
    Funds lent in using Kiva
  • 3,935.0
    Sierra Leone Leones (SLL) = $1 USD