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Joko C. R.'s Group
In this Group: Joko C. R., Julius V.o., Hamid T., Patrick Tunde, Santigie U., Christian M.s., Alhassan, Ibrahim B., Sheka, Brima Benedict
Salone Microfinance Trust (SMT), a partner of in Makeni, northern Sierra Leone is pleased to present to you teachers of the Russell Technical Secondary School, in Waterloo, a small town where “Shine on Sierra Leone” has partnered with SMT to start a branch. This school was founded in 2006 by Joko C.R. V., to cater for under-privileged youths in the community. Currently, the school is staffed with twenty-three teachers and has an enrollment of 545 pupils.

These hard-working and dedicated teachers have come to SMT, a partner of to seek a loan of SLL 7,400,000. With the help of this loan, these teachers can embark on some meaningful project that their mere salaries alone can not do. Some of them will use the loan to buy pieces of furniture, others to buy house-building materials; some buy a piece of land or pay school fees for their children, while others will invest the loan in business.

Joko C.R. V. is the leader of this group of teachers. Born in a village called Rotifunk, Joko is today residing in Waterloo together with his wife and five children. His wife is a businesswoman and three of his children are attending primary and secondary schools. Mr. V., who has served in the teaching profession for thirty years, would like to use his share of this loan to buy house-building materials in order to complete his house-building project.

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
  • 30
    View loans »
    Sierra Leone Loans Fundraising
  • $9,391,500
    Funds lent in using Kiva
  • 4,125.0
    Sierra Leone Leones (SLL) = $1 USD