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Joy Ii Group
In this Group: Abdulai , Musu , Tamba , Adama , Thomas
Salone Microfinance Trust (SMT) is pleased to present the members of the “Joy II” group from Makeni. They are small-scale businesspeople who are based in Koidu, a city in eastern Sierra Leone. They are requesting a loan of 800,000 SLL each in order to expand their respective businesses. Consequently, they will make more profit and improve their standard of living.

The leader of this group is Musa. Musa is 34 years old and was born in Kenema city. He is single with 3 children, 2 in primary school and 1 in secondary school. Musa sells ready-to-wears (clothes) and has been running this business for 7 years now. He will use his share of the loan to buy a large quantity of clothes to add to his business.

Also included on the left of the photo is loan officer, Edward.

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
  • 42
    View loans »
    Sierra Leone Loans Fundraising
  • $10,094,200
    Funds lent in using Kiva
  • 4,319.7
    Sierra Leone Leones (SLL) = $1 USD