Check out some available loans that are similar to this one!
Alex's Group
In this Group: Alex , Abdulai M. , Momoh , James B. , Mohamed A. , Kadiatu , Ibrahim B. , Edward B. , Mariama J. , Anthony M. , Ibrahim
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni in northern Sierra Leone, is pleased to present to you this group of teachers from Blama, a village close to Kenema city in eastern Sierra Leone. Teachers of this school have come to SMT, a partner of Kiva.org for a loan of 7,500,000 SLL in order to improve on their standard of living. Some of them will use this loan to buy house building materials, some to buy pieces of furniture, others to pay school fees for their children and so on. At the end of each month, the school’s bursar is directly responsible for deducting their repayment amount and pays SMT.

This is the first loan that this school has applied for from SMT/Kiva lenders. Alex is the leader of this group of teachers. The 50-year-old Alex was born in a place call Limeh-Small-Bo, a village situated fifteen miles from Kenema. He is the head teacher at the school and has been in the teaching profession for 27 years now. Alex is married to a housewife and they have six children, four in Junior Secondary School I (JSS I) and two in Senior Secondary School II (SSS II).

Alex has requested this loan in order to pay school 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

  • $903
    Average annual income
  • 6
    View loans »
    Sierra Leone Loans Fundraising
  • $8,977,275
    Funds lent in using Kiva
  • 4,362.5
    Sierra Leone Leones (SLL) = $1 USD