Salone Microfinance Trust (SMT) is very pleased to present to you Brima, a staff at one of the sugar producing companies in Sierra Leone. This 40-year-old is a native of Magbass village, in northern Sierra Leone. He is married and has 5 children – 2 whom are in primary school and 3 whom are in secondary school. Brima has been working in this company for 10 years now. He has come to SMT, a partner of Kiva.org, to apply for a loan of SLL 1,000,000.00. He will use this loan to invest in agriculture. Through partnering with local companies, SMT is able to provide borrowers like Brima with microloans that are repaid through payroll deduction.
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.