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Musu's Group
In this Group: Musu , Sullay , Kadie , Adama D.
Salone Microfinance Trust (SMT), a Kiva partner in Makeni, northern Sierra Leone, is very pleased to present to you the teachers of the MCA Primary School in Portee, Freetown. This group of teachers has come to SMT/Kiva lenders for a loan of 5,000,000 SLL to solve their financial problems or invest in a business. At the end of each month, the school’s bursar is directly responsible for deducting member repayments and paying SMT/Kiva lenders on their behalf.

Musu J. is the leader of this teacher’s group. She is 36 years old and married with three children. Musu was born in northern Sierra Leone and has been a teacher for more than five years. To supplement her meager monthly salary, Musu is runs a small business. She has applied for this loan to buy wholesale gara lappers (locally dyed cloths) to resell.

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
  • 4,278.0
    Sierra Leone Leones (SLL) = $1 USD