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Zainab M.'s Group
In this Group: Zainab M., Katumu , Rogers M. , Ismail Y. , Aminata W. , Rukiatu , Francis , Musu , Yayah , Augustine S., Winifred F.
Pictured above are teachers of a primary school in the eastern city of Kenema. They have applied for a loan of 12,400,000 SLL from SMT, a partner of KIVA, based in Makeni, northern Sierra Leone. With the help of this loan, this group of teachers will be able to buy goods or invest in something that their mere salaries alone cannot let them do. At the end of each month, their school’s bursar deducts the repayment from their salaries and pays KIVA on these teachers’ behalf.

Zainab is the leader of this group of teachers. Born in Pujenhun 50 years ago, Zainab is married and has 6 children, one of whom is in college. The rest are no longer attending school. Zainab has requested this loan in order to invest it in a business. She will buy local produce in large amounts for resale.

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
  • 1
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,050
    Funds lent in using Kiva
  • 4,365.0
    Sierra Leone Leones (SLL) = $1 USD