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Frank Nero's Group
In this Group: Frank Nero , Fatmata J. , Oyah Hannah , Jatu , Jonathan Thaimu , Olu , Moses M. , Henrietta F., Richard S. , Esther I. , Moses T. , Zainab , Fatmata, Wara , Wuya G.m. , Fatmata L. , Rosaline A. , Fatmata , Henrietta I. , Jamilatu B.
Pictured here are teachers from the Our Lady of Gaudalupeh Primary School in Lunsar, a town in northern Sierra Leone. This school was opened in 1960 by the Catholics to boost education in Lunsar town and it environs. Presently, the school has 36 teachers and 1,200 pupils. Over the years, Guadalupeh Primary School, which is the only girls primary school in Lunsar town, has scored a lot of successes. Last academic year, for example, the school came in first in the National Primary Schools Examination (NPSE) for the whole Northern Province, and third for the entire country.

This is the first loan this school is accessing from Kiva through SMT. 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 be 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 they can 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.

Fifty-six-year-old Frank N. K. (back row right) is the headmaster at the school and has been a teacher for 32 years. He was born in Yele village, Tonkolili district, northern Sierra Leone. He is married with 8 children – 7 biological and 1 foster child. Frank’s wife is a cook and his children are attending schools – 3 in primary school, 2 in secondary school and 3 in college. Mr. K. has applied for this loan in order to pay college fees for his children.

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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,075
    Funds lent in using Kiva
  • 4,195.0
    Sierra Leone Leones (SLL) = $1 USD