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Abdul Deen's Group
In this Group: Abdul Deen, Abdul H., Sulaiman S., Mohamed A., Abdul R. , Foday H., Victor A., Mohamed , Micheal , Richard T.j., Fallah P., Joseph P.
Pictured here are teachers at a secondary school in Waterloo, a small town near Freetown, Sierra Leone’s capital city. This school was established in 2002. The school is staffed with 25 teachers; 12 of them have come together to apply for a loan of SLL 7,500,000 from SMT (a partner of Shine on Sierra Leone in Waterloo)/Kiva lenders in order to meet their immediate financial challenges.

School staff from this institution, like many other schools' staff within SMT’s operational areas, come to SMT to apply for loans. With the help of these loans, they can accomplish certain tasks that they would otherwise not have been able to accomplish with their mere salaries alone. But with the help of this loan, some can pay school fees for their children; others can use the loan to buy pieces of furniture, a plot of land, house-building materials, or invest in business. At the end of each month, these teachers can repay the loan out of their monthly salaries. The institution’s bursar is directly responsible for deducting the repayment and pays SMT on their behalf.

Forty-seven-year-old Abdul Deen T. is the leader of this group of teachers. He was born in Bo, southern Sierra Leone. He is married to a teacher and they have 3 children. Mr. T. has applied for a loan of SLL 500,000 in order to buy house-building materials.

(Attached to the photo are some group members who were not present for the group snapshot.)

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 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

  • $903
    Average annual income
  • 37
    View loans »
    Sierra Leone Loans Fundraising
  • $9,111,150
    Funds lent in using Kiva
  • 3,887.5
    Sierra Leone Leones (SLL) = $1 USD