Sierra Leone > Salone Microfinance Trust (SMT), a partner of ChildFund International

About the Field Partner

Field Partner:

Salone Microfinance Trust (SMT), a partner of ChildFund International

Field Partner Risk Rating:

(Learn more)

30 months

3721

$1,070,525

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

See all loans from this field partner >>

Kiva Fundraising Status

Fundraising Status:	Active
See all fundraising loans from this field partner >>

Other Information Sources

MIX Profile:	View MIX Profile
Network Affiliation:	ChildFund International
Social Performance Reporting Level:	N/A
Consumer Protection Principles:	N/A
Field Partner Website:	None
Email Contact:	None

Update
Salone Microfinance Trust is having some repayment reporting problems expected to be worked out in the coming weeks. Thank you for your patience.

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.

Mission statement: SMT’s mission is “To reduce poverty among the economically active poor by providing sustainable access to financial services”.

Goals: SMT’s goals are to:

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

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 can be contacted via email at reginasulla2000@yahoo.co.uk

Repayment Performance on Kiva

		This Field Partner	All Kiva Partners
	Start Date On Kiva	May 21, 2007	Oct 12, 2005
	Total Loans	$1,070,525	$101,929,710
	Amount of Raised Inactive Loans	$0	$111,475
	Number Of Raised Inactive Loans	0	164
	Amount of Paying Back Loans	$469,825	$44,703,125
	Number Of Paying Back Loans	500	63,327
	Amount of Ended Loans	$600,700	$57,115,110
	Number Of Ended Loans	962	83,635
	Delinquency Rate	0.00%	4.28%
	Amount of Paying Back Loans Delinquent	$0	$1,913,000
	Amount of Paying Back Loans	$469,825	$44,703,125
	Number of Paying Back Loans Delinquent	0	6,018
	Default Rate	0.00%	1.96%
	Amount of Ended Loans Defaulted	$0	$1,119,957
	Amount of Ended Loans	$600,700	$57,115,110
	Number Of Ended Loans Defaulted	0	3,369
	Currency Exchange Loss Rate	0.00%	0.00%
	Amount of Currency Exchange Loss	$0	$0
	Refund Rate	0.82%	1.09%
	Amount of Refunded Loans	$8,725	$1,112,375
	Number Of Refunded Loans	8	1,446
Updated as of November 21, 2009 1:14 AM

Loan Characteristics On Kiva

		This Field Partner	All Kiva Partners
	Loans to Women Entrepreneurs	57.00%	78.21%
	Average Loan Size	$290	$403
	Average Individual Loan Size	$472	$591
	Average Group Loan Size	$1,044	$1,494
	Average Number Of Entrepreneurs Per Group	4.3	0
	Average GDP Per Capita (PPP) in Local Country	$903	$3,465
	Average Loan Size / GDP Per Capita (PPP)	81.09%	11.64%
	Average Time To Fund A Loan	1.42 days	2.27 days
	Average Dollars Raised Per Day Per Loan	$204.25	$177.73
	Average Loan Term	9.48 months	9.31 months
Updated as of November 21, 2009 1:14 AM

Journaling Performance on Kiva

		This Field Partner	All Kiva Partners
	Total Journals	943	51642
	Journal Coverage	57.66%	28.22%
	Journal Coverage, Kiva Fellows	0.00%	0.21%
	Journal Frequency (Average Per Loan Per Year)	0.52	0.32
	Average Number Of Recommendations Per Journal	12.84	10.30
Updated as of November 21, 2009 1:14 AM

Borrowing Cost Comparison

	This Field Partner	Median for MFI Peers in Country	All Kiva Partners
Average Interest Rate and Fees Borrowers Pay (Portfolio Yield)	51%	47%	35.21%
Average Loan Size (% of Per Capita Income)	49%	41%	23.43%
Average Partner Return On Assets	-9%	-10%	0.24%