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Edward M.s.'s Group
In this Group: Edward M.s., Hannah A.b., Sulaiman O., Raymond , Agnes Finah, Hassan M., Keley , Feremusu A., Messeh , Andrew A.y., Alpha Yaya, Mohamed
In the photo above are members of the R.C. Primary School Junior. These are diligent and hard working teachers who have come to SMT/Kiva lenders to apply for a loan of SLL 11,400,000 in order to help them pay school fees for their children, invest in a business, buy pieces of furniture, or buy a plot of land, etc. R.C Primary school was founded in 1954 in Kabala town. It is a government-assisted school with 13 teachers, twelve of whom have applied for a loan of SLL 11,400,000.

With the help of this loan, the leader of this group, Edward M.S. M. will use his share (SLL 1,000,000) to purchase house equipment/furniture. Edward is a 54-year-old man who is married to a petty businesswoman. They have three children.

(Attached at the sides of the photo are some snapshots of borrowers who were not able to be present for the group photo).

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

  • $2,100
    Average annual income
  • 29
    View loans »
    Sierra Leone Loans Fundraising
  • $9,391,500
    Funds lent in using Kiva
  • 3,931.7
    Sierra Leone Leones (SLL) = $1 USD