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Mohamed's Group
In this Group: Mohamed , Koliya, Mamodu, Abdulai Foday, Abubakarr
Here are staff members of an organisation in Kabala town, northern Sierra Leone. Though they receive salaries at the end of each month, they will still like to get a loan in order to embark on meaningful projects that they can not embark on with their bare salaries alone. Some of them will use the loan to buy a plot of land for the purpose of constructing a house in the future; some to pay school fees for their children; others to buy house furniture and others will invest theirs in a petty business. At the end of each month, their finance officer will deduct their repayment amounts out of their salaries and repays Kiva.

Mohamed M. () is the leader of this group. He is born in a place called Wara Bafodia, which is about thirty-two miles away from Kabala town. He is now age 58, married to two wives and they have twelve children between the ages of one month – thirty years. Mohamed has served his organisation for seventeen years. He will use this loan to meet his child’s college fees and other college charges.

Additional Information

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 Sierra Leone

  • $2,100
    Average annual income
  • 29
    View loans »
    Sierra Leone Loans Fundraising
  • $9,391,500
    Funds lent in using Kiva
  • 3,632.0
    Sierra Leone Leones (SLL) = $1 USD