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Young Women Group
In this Group: Fatima , Mariatu, Isatu , Rugiatu , Maseray
Meet with members of the "Young Women" group from Makeni, a city in Northern Sierra Leone. This group of entrepreneurs has come to SMT, a partner of based in Makeni, to apply for a loan of 700,000.00 Sierra Leonean Leones for each in the group. With the help of this loan, they will be able to add more goods to their respective businesses, make more sales and consequently improve their living conditions.

The leader of this group is 25-year-old Fatima. Born in Makeni city, Fatima is married to a trader and the couple has three children, one of whom is in primary school, while the others are not yet of school-going age. Fatima has been selling second-hand bags for 10 years now, and with her share of this new loan, she will buy a bale of used bags to add to her business.

Imported used items (like bags, shoes, clothes,vehicles, etc.) are very popular amongst the locals in Sierra Leone, as they are cheaper than new items.

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
  • 46
    View loans »
    Sierra Leone Loans Fundraising
  • $10,068,575
    Funds lent in using Kiva
  • 4,362.0
    Sierra Leone Leones (SLL) = $1 USD