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Joseph S.'s Group
In this Group: Joseph S., Amadu, Barton I., Daniel A., Shembu I., John A., Abdul R., Kong, Yusuf, Phillip A., Raymond S., David Abib, Abdul John, Samuel , Ishmail B.
Salone Microfinance Trust (SMT), a partner of in Makeni, northern Sierra Leone, is very pleased to present to you teachers of the Yoni-Banna Secondary School in Mile Ninety-One, a town in northern Sierra Leone. Yoni-Banna Secondary School was founded in 1964 by the UMC Mission. Currently, the school is staffed with 45 employees and has an enrollment of 1,500 pupils.

Joseph S. S. is a teacher at the school and leader of this group of borrowers. The 43-year-old Joseph was born in Magburaka, a town in northern Sierra Leone. He has been in the teaching profession for 17 years. He is married and has four children – one in primary school, two in secondary school and one in college. Joseph has requested this loan in order to buy household materials - a generator and chairs.

Staff from this institution, like many other schools within SMT’s operational areas, come to SMT to apply for loans. 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.

(Also pictured in the bottom right corner of the photo is Daniel A. F., a borrower who was not able to be present for a 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 Sierra Leone

  • $2,100
    Average annual income
  • 31
    View loans »
    Sierra Leone Loans Fundraising
  • $9,391,500
    Funds lent in using Kiva
  • 4,360.0
    Sierra Leone Leones (SLL) = $1 USD