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Go- Bifo Group
In this Group: Yeakain, Adama, Isata, Fatu
This photo shows the members of “Go-bifo”, a group of small-scale businesswomen based in Makeni, a town in northern Sierra Leone. This is the second loan these entrepreneurs are accessing from SMT/Kiva lenders. With Kiva/SMT loans, they are able to expand their businesses, earn more profit and consequently improve their standard of living.

The leader of this group is Yeakain S., 30. She was born in Koinadugu district and currently resides in Makeni with her husband and four children, who are in primary school. Yeakain has been selling cooked rice for seven years. With her share of this loan, she will buy ingredients such as rice, palm oil, margarine and tomatoes, in large quantities.

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
  • $9,574,925
    Funds lent in using Kiva
  • 4,265.0
    Sierra Leone Leones (SLL) = $1 USD