When they heard about Kiva supporting the active poor with loans to improve their economic status, they approached Salone Microfinance Trust (SMT) and requested a loan of Le.1, 000,000 ($350 USD) to expand their farm activity. The loan will be used mainly for hiring labourers and purchasing fertilizer.
These two friends are working hard to survive on what their farms are able to produce. They need a small loan from Kiva to help bolster their productivity and improve their lives.
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
About Sierra Leone
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Success!! The loan was 100% repaid