Africa Sierra Leone

1. Purpose

Provide small, interest-free loans ($50–$80) to vulnerable community members so they can generate income.

Target groups

• Widows

• Families caring for orphans

• Imams or religious leaders with limited income

2. What the money can be used for

Loans can help people buy things that produce income, such as:

• Farming seeds and fertilizer

• Hand tools for farming or repair work

• Small livestock (chickens, goats)

• Market goods to start a small stall

• Tailoring equipment or sewing materials

3. Loan terms

• Loan size: $50–$80

• Interest: 0% (interest-free)

• Repayment period: 3–6 months

• Repayment method: Small weekly or monthly payments

Example:

• $60 loan

• Repay $10 per month for 6 months

4. Revolving fund

When borrowers repay the loan, the money goes back into the fund and is loaned to another family.
This creates a sustainable cycle helping many people.

5. Community oversight

A small local committee can help manage the program:

• Imam

• Community elder

• Women’s representative

• Program coordinator

They help:

• Select borrowers

• Track repayments

• Ensure fairness

6. Additional support

Besides loans, it helps to provide:

• Basic business training

• Farming guidance

• Group support meetings

7. Possible funding sources

Funds could come from:

• Zakat

• Sadaqah donations

• Local charities

• International donors

Organizations like Akhuwat Foundation and Grameen Bank have used similar microfinance models to help millions of families.