Here is Amadu B., a micro entrepreneur from Kabala, a town in Northern Sierra Leone. This 25-year-old husband is requesting a loan of 4,000,000 leones for the first time from SMT/Kiva lenders in order to expand his business. He sells assorted goods – cottons, jeans, shirts, shoes, bed sheets, briefcases, etc. Amadu usually travels to neighboring Guinea to buy the goods he sells. With the help of this Kiva loan, Amadu will be able to expand his business by buying stock wholesale. Consequently, his business will improve both in size and quality and, eventually, Amadu will be able to overcome his current greatest challenge which is to have a shop or store to accommodate more goods. Currently, he sells his goods in a stall at the market.
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.