Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status Update — February 2, 2016

As of January 2016, Kiva has finalized with the reconciliation exercise whose goal was to determine the status of all outstanding Kiva loans in the books of SMT. Based on this information, we have determined the outstanding amount that SMT owes Kiva lenders from loans repaid by Kiva borrowers but not remitted to Kiva during the grace period. Unfortunately, a number of loans were identified as irrecoverable and have already been written off by the Field Partner, and will therefore be defaulted on Kiva and respective lenders updated accordingly.

For the amount collected by SMT but yet to be remitted back to Kiva lenders, we have agreed on a phased repayment plan, taking into account the financial needs and cash flow position of the organization. We expect the first $20k to be sent to Kiva before the end of February 2016 and settled out to lenders in March, and we’ll continue to work with this partner to recover any additional amounts owed to lenders that was repaid by SMT borrowers. 

Status Update — August 6, 2015

The repayment grace period for Field Partners affected by the Ebola outbreak in West Africa concluded at the end of May 2015. Kiva has started the process of establishing the status of all outstanding Kiva loans made through these partners. The goal is to identify the actual amounts repaid by Kiva borrowers to the partner during the grace period, identify loans that have since become delinquent and require rescheduling of original repayment terms, as well as those that will be defaulted or written off. Once Kiva has more complete information on the status of the Field Partner's portfolio we'll provide that information here.

Status Update — March 10, 2015

Kiva is extending the existing grace period for Field Partners impacted by the Ebola outbreak until the end of May 2015. This will allow the partners time to carry out comprehensive audits of their operations, and to share information with Kiva on outstanding loans and their plans going forward.

Salone Microfinance Trust (SMT) operates in Sierra Leone, one of the countries in West Africa that was most affected by the Ebola outbreak. As a result, SMT had to close some of their branches and suspend disbursement of loans last year. The organization has now resumed regular operations and plans to being making payments to Kiva in March. They also hope to resume posting new loans to Kiva this month.

Status Update — October 23, 2014

Salone Microfinance Trust (SMT)operates in Sierra Leone, one of the countries in West Africa currently experiencing an Ebola outbreak. This epidemic is the largest in history, claiming thousands of lives and having a deep impact on the national economy. SMT has temporarily stopped funding on Kiva as they respond to this crisis. Learn more about the epidemic here.

Kiva has allowed SMT a 4-month grace period for repayments until the end of 2014, at which time we will reevaluate the situation. The Kiva team is in regular communication with SMT and will provide an update when they resume funding on Kiva.

Partner Description: 

Salone Microfinance Trust (SMT) is an independently run microfinance institution, founded by ChildFund International in Sierra Leone, an affiliate of the international humanitarian aid organization ChildFund International. SMT’s approach of concentrating in ChildFund program communities helps ensure that it reaches vulnerable populations and integrates micro-enterprise development with more traditional ChildFund programs whose focus is the well-being of vulnerable families.
Over the last three years, SMT has become a major participant in the active and progressive microcredit sector in Sierra Leone.

Vision: SMT’s vision is “To be a financially self-sufficient institution, with an outreach that is broad, deep and having a significant impact on the lives of the economically active poor and their families to which it serves”.

SMT's website is, and the organization can be contacted via email at

     • Support micro-entrepreneurs to strengthen and expand their businesses

     • Assist individuals to create their own livelihoods

     • Help micro-entrepreneurs build their capacity to manage businesses

     • Help create employment in rural areas

     • Recruit and retain committed, honest and qualified staff, who recognize the value of clients needs

     • Increase target areas independence from humanitarian assistance


A Note on SMT’s Portfolio Yield:

We care deeply about the cost that Kiva borrowers pay for their loans, which is why fair pricing is a core part of our initial due diligence process for Field Partners. With Kiva's 0% capital, many of our Field Partners are also able to add additional value to their loans by reducing interest rates, offering non-financial services or creating new loan products.

For partners with reported portfolio yields or average APRs higher than 50%, Kiva takes steps to check that the high rates are justified by the impact of the loans. Kiva also verifies that the partner is not generating unreasonable profits or paying inflated salaries, and that the partner’s elevated operating costs are justified by its operating environment and/or the design of its loan products.

We seek to support loans that don’t impose an unjustifiable cost burden on hard-working borrowers. We nevertheless recognize that in order to reach vulnerable and excluded people with high-impact products and services, some of our partners incur high costs that necessitate charging higher-than-average costs to borrowers in order to allow for sustainability and scale. 

Factors that drive up the costs that this partner organization charges its borrowers include:

  • They operate in Sierra Leone, which is classified as a fragile situation by the U.N. This can greatly increase the cost of safely delivering financial services to borrowers.
  • They operate in a market with high inflation—averaging 13% from 2011-2013, which means that the rates you see on Kiva are overstated, since loans are given in local currency, which lost value much more quickly than the U.S. dollar.
  • They’re based in an area with a high cost of living and doing business. This is oftendue to the high demand and low supply of adequate housing and goods.
  • They provide very small loans. This leads to higher operating costs, since providing each individual loan presents a minimum per-unit cost.
  • They work in areas with very poor infrastructure, such as limited roads. This increases the costs of finding clients and maintaining branch offices.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 21, 2007 Oct 12, 2005
Total Loans $4,083,575 $779,080,675
Amount of raised Inactive loans $0 $229,650
Number of raised Inactive loans 0 137
Amount of Paying Back Loans $359,525 $133,721,700
Number of Paying Back Loans 290 157,893
Amount of Ended Loans $3,724,050 $645,129,325
Number of Ended Loans 4,166 798,532
Delinquency Rate 100.00% 8.81%
Amount in Arrears $152,880 $7,823,056
Outstanding Portfolio $152,880 $88,796,759
Number of Loans Delinquent 290 30,237
Default Rate 0.33% 1.27%
Amount of Ended Loans Defaulted $12,258 $8,169,177
Amount of Ended Loans $3,724,050 $645,129,325
Number of Ended Loans Defaulted 62 21,940
Currency Exchange Loss Rate 0.00% 0.37%
Amount of Currency Exchange Loss $0 $2,861,801
Refund Rate 0.39% 0.66%
Amount of Refunded Loans $15,750 $5,133,525
Number of Refunded Loans 19 5,569

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 62.61% 74.54%
Average Loan Size $239 $413
Average Individual Loan Size $548 $648
Average Group Loan Size $1,032 $1,841
Average number of borrowers per group 4.7 7.9
Average GDP per capita (PPP) in local country $2,100 $5,946
Average Loan Size / GDP per capita (PPP) 11.38% 6.95%
Average Time to Fund a Loan 4.1 days 6.73 days
Average Dollars Raised Per Day Per Loan $58.25 $61.46
  Average Loan Term 9.11 months 10.91 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,025 381,946
  Journaling Rate 41.83% 40.80%
  Average Number of Comments Per Journal 0.21 0.06
  Average Number of Recommendations Per Journal 6.07 1.45

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 59% PY 47.00% PY 29.09% PY
  Profitability (return on assets) 5.7% -9.5% -1.41%
  Average Loan Size (% of per capita income) 40.20% 28.00% 19.25%

Country Fast Facts

Field Partner Staff

Alusine Bah
Kadiatu Bah
Mosses Y. Bangura
Zainab Bangura
Daniel B. Banya
Abibatu A. Conteh
Alieu Conteh
Alpha Conteh
Edna B. Conteh
Elizabeth E. Conteh
Mary V. Conteh
Mary Y. Conteh
Safiatu Conteh
Sylvia Umu Conteh
Ibrahim O. Jalloh
Ibrahim Oumarr Jalloh
Yeankain A. Kamara
Celia Kanu
Mabinty J. Kanu
Betty Khoury
Marian Kobie
Gibrill Koroma
Masso Koroma
Fayia Kpakaa
Albert M'bayo
Fatmata Mansaray
Bockarie D.S Marah
Jonathan Marah
Harold M. Massaquoi
Lloyd McCormick
Mohamed Munu
Morie Mustapha
Simeon S. Mustapha
Edward A Ndoinjeh
Vincent A Ndoinjeh
Maladoh Sawaneh
Bernedette Sesay
Nancy Sesay
Ahmed B. Shaw
Archibald Shodeke
Mohamed L. Tarawalie
Ibrahim Garanke Tunkara
Joseph A Turay
Melvina N. Turay
Rosaline S. Turay
Sarah Nbonga Turay
Alieu Vandy