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Foday's Group
In this Group: Foday, Patrick M., Musa, Bai, Mohamed
These entrepreneurs are Foday S., Patrick M. M., Musa C., Bai K., and Mohamed S.. They are working with the military in Makeni, Northern Sierra Leone. They are requesting a loan of Le 4,100,000.00. The various members of the group will invest this loan in different types of businesses, agriculture, or invest on some developmental programme like buying a plot of land.

Foday, who is the leader of this group, is 26. He was born in Kailahun, Eastern Sierra Leone. He is married with 3 children. His wife will use the loan to invest it in her current business. She sells fish, rice, and palm-oil. She has been in this business for 5 years now. In this way, the family`s livelihood will improve as Mr Foday`s wife will now be able to earn more money to support the family.

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
  • 38
    View loans »
    Sierra Leone Loans Fundraising
  • $10,068,400
    Funds lent in using Kiva
  • 2,890.0
    Sierra Leone Leones (SLL) = $1 USD