Fawe Grafton Primary School Group
Many teachers in Sierra Leone do not earn enough wages to support themselves and their families, so they conduct side businesses or invest in additional projects (often managed by friends or family members). These teachers are requesting loans for a variety of reasons, including buying stock for market stalls, paying school fees for their children, and doing construction or repairs on their homes.
Jeneba B. is the senior teacher at the school and the leader of the group. She is 36 years old and is married to a police officer. They have three children together who attend school. In addition to teaching her classes, for the past two years Jeneba has kept a small supply of goods such as cigarettes, pens, and bar soaps which she sells after school.
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