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Jessika K.'s Group
In this Group: Jessika K., Theresa , Christian , Christinian , Musa Abu , Ruth K. , Steven K , Joseph , Annette
These are teachers of the R.C Hanga II Primary School in Kenema city. Teachers of this noble institution have come to SMT, a partner of Kiva.org in Makeni, northern Sierra Leone, to seek a loan of SLL 6,500,000 for the entire group. With the help of this loan, this group of teachers will each be able to improve their standard of living.

Fifty-five year old Jessika K. K. is the leader of this group of teachers. Jessika was born in Kailahun, she is married and has 2 children who are in college. Jessika is a teacher and a businesswoman. She has been in the teaching profession for 35 years now. Jessika is going to use her share of this loan to invest in her business.

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 some certain tasks that they would otherwise have not 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.

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

  • $903
    Average annual income
  • 43
    View loans »
    Sierra Leone Loans Fundraising
  • $9,192,975
    Funds lent in using Kiva
  • 4,245.0
    Sierra Leone Leones (SLL) = $1 USD