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Saidu's Group
In this Group: Saidu, Ishamil S., Kelfa, Kumba , Sarah E.
The five teachers in this group work at a secondary school in the township of Kabala. The school was founded in 2001 by the Baptist Mission 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 received from SMT/Kiva lenders. The group has requested for a loan of SLL 5,000,000. With the help of this loan, these teachers are in a better position to buy or invest in something that their mere salary cannot let them do.

Saidu is the leader of the group. Saidu is 37 years old, is married and has three children. Saidu has requested this loan in order to invest part in his business and also to buy household equipment/furniture.

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
  • 52
    View loans »
    Sierra Leone Loans Fundraising
  • $9,342,250
    Funds lent in using Kiva
  • 4,305.6
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Saidu's Group's $1,175 loan helped a member to invest part in the business and to use the remainder to buy household equipment/furniture.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2011
Listed
Jul 24, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 20, 2012