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Bockarie B.'s Group
In this Group: Bockarie B. , Regina , Charles S. , Mariama , Bockarie A.
These borrowers are secondary school teachers in Kenema city. The school was founded in September 2002 to improve education in the community. Teachers of this noble institution have come to SMT, a partner of Kiva.org in Makeni, northern Sierra Leone, to seek a loan.

This is the first loan that teachers of this school have recevied from SMT/Kiva lenders. They have requested a loan of SLL 5,000,000.00 for the entire group. With the help of this loan, these teachers are in a better position to buy or invest in something that their mere salaries cannot let them do.

Bockarie is the leader of the group. Bockarie is thirty-three. He was born in a place call Koya. Bockarie is married and has two children – one in primary school and the other is not of school age. He has been in the teaching profession for nine years now. He has requested this loan to pay his mother’s medical bills and to buy some household items.

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
  • 0
    View loans »
    Sierra Leone Loans Fundraising
  • $8,868,550
    Funds lent in using Kiva
  • 4,275.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Bockarie B.'s Group's $1,175 loan helped a member to pay his mother’s medical bills and buy some household items.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2011
Listed
Jul 22, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 20, 2012