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Sorbeh Iii Group
In this Group: Adama, Marie, Salay

Update on Sorbeh Iii Group

Members of the "Sorbeh III" group are very grateful to their Kiva lenders for the earlier loan they received. The previous loan has been a blessing to the lives and businesses of these borrowers. They were able to invest the loan into their businesses, which led to a significant growth in their business inventories. Their level of sales and profit margins also increased significantly, thanks to the loan they received from Kiva's lending community.

Having repaid their loan successfully, members of the Sorbeh III deem it fit to re-apply for a new loan of 1,200,000.00 Sierra Leonean Leones for each member. With this loan they will further invest in their respective businesses. As mentioned in her first borrower's profile, group leader Adama will again buy rice, palm-oil, sugar, margi, gari, etc. at wholesale prices to add to her current stock.

Previous Loan Details

Adama is the leader of the Sorbeh III group from Makeni, a city in northern Sierra Leone. She is 36 years old, married to a tailor and has four children, two in primary school and two in secondary school. The Sorbeh III group members are all local entrepreneurs who have come to SMT, a partne... More from Sorbeh Iii Group's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 43
    View loans »
    Sierra Leone Loans Fundraising
  • $10,094,200
    Funds lent in using Kiva
  • 4,320.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Sorbeh Iii Group's $850 loan helped a member to buy rice, palm-oil, sugar, margi, gari, etc. at wholesale prices.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jul 11, 2012
Jul 28, 2012
Currency Exchange Loss:
May 18, 2013
This photo was used before for a previous loan for Sorbeh Iii Group. It was first posted on Kiva on Jul, 2011. Learn More