A Primary School In Makeni Ii Group
Teachers are one of the lowest paid workers in Sierra Leone. Because of this, many of them find other additional means of making a living. Some engage in businesses or agriculture and others organized extra classes for the pupils (though this is a practice the government is trying to abolish). Teachers therefore seek a loan in order to embark on meaningful projects and then, out of their monthly salaries, they gradually repay the loan.
Mabel C. (second from right) is a senior teacher at the school and head of this group. She is age forty-five. She was born in Matamp village in the Tonkolili district, in northern Sierra Leone. She is married to a teacher and they have four children together. One of her children is already a grown-up and training as a lab technician, while two others (the twins) are in Junior Secondary School III (JSS III) and the last is in JSS I.
Mabel has been a teacher for over twenty-five years now. She will use this loan to buy a piece of land for the purpose of constructing a house. Buying a plot of land will improve her life, she told me. With subsequent loans, and with the little she has and will be saving, she will be able to build her house. She needs a home for her children and for her old age.
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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
About Sierra Leone
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Success!! The loan was 100% repaid