A Primary School For The Hearing Impaired, Makeni Group
Unlike its counterpart in Freetown, this school teaches maternal reflective methods (lip reading) in addition to signing/finger reading. However, the school faces some great challenges. Many parents of the deaf tend to use the school as a dumping ground. They bring their children to the school and never again come to see how the child is progressing. Some parents do not care about giving support to their deaf children. And during holidays, some of the parents will never again bring the children back to the school.
This is the first loan this school is seeking from SMT/Kiva. With this loan, they will be able to invest in some petty-trading in order to supplement their monthly salaries. Some however will use theirs to either buy pieces of furniture or in constructing houses. This loan will definitely improve the economic status of these teachers.
Aloysius D. K. (left) is the head manager of this school. He has been a teacher at this school for twenty-one good years. Mr. K. was born in Makeni, in northern Sierra Leone. He is fifty-nine years of age, married with four children. One of his children is in secondary school, another in college, and the eldest are already grown-ups. With this loan, Mr. K. will pay school fees for his children.
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.
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Success!! The loan was 100% repaid