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Ta-Marsu Group
In this Group: Osman, Baimba, Sorie, Alie

Update on Ta-Marsu Group

Members of the Ta-Marsu group are very happy and grateful for the Kiva loan that they received from you. That loan created a huge impact in their lives and businesses. They were able to repay the loan successfully, feed their children, and send them to school out of the daily profits they made.

Having repaid that loan successfully, Ta-Marsu group has reapplied for a new loan of 1,200,000 Sierra Leonean Leones (SLL) per member. This new loan will further help to increase their business inventories, boost sales and increase profit. Osman, the group leader, will use his share of the loan to buy new bales of shoes to add to his current stock.

Previous Loan Details

Members of the “Ta-marsu Group” from Makeni, a city in northern Sierra Leone, are pictured here. They are small businessmen who have come to SMT, a Kiva partner, to seek a loan of 800,000 SLL for each group member. With this loan, they will be able to add more goods to their businesses, attract m... More from Ta-Marsu 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
  • 45
    View loans »
    Sierra Leone Loans Fundraising
  • $10,082,750
    Funds lent in using Kiva
  • 4,350.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Ta-Marsu Group's $1,125 loan helped a member to buy slippers to increase inventory.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Aug 17, 2012
Aug 31, 2012
Currency Exchange Loss:
Jul 17, 2013
This photo was used before for a previous loan for Ta-Marsu Group. It was first posted on Kiva on Jan, 2011. Learn More