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Samuel's Group
In this Group: Samuel , James Deen, James B. , Basiru A.
Salone Microfinance Trust (SMT), a partner of in Makeni, northern Sierra Leone, is very pleased to present to you teachers of the SLMBA Primary School, situated in Masera village near Magburaka town. They are requesting a loan of SLL 3,400,000. With the help of this loan, some of these teachers will invest in business, others will pay school fees for their children, etc. At the end of each month, the school’s bursar is directly responsible for repaying SMT on their behalf.

Samuel P. is a teacher at the school and leader of this group. The 36-year-old has been in the teaching profession for eight years now. A native of Mabamp village, Samuel is married and has three children. Samuel has requested a loan of SLL 800,000 in order to pay college fees to pursue further studies.

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
  • $9,245,200
    Funds lent in using Kiva
  • 4,350.0
    Sierra Leone Leones (SLL) = $1 USD