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Osman's Group
In this Group: Osman , Albert , John T., Christtopher
Osman is the leader of this group of borrowers from Kenema, a city in eastern Sierra Leone. These borrowers have come to SMT/Kiva lenders to seek a loan of 1,000,000 SLL for each in order to meet their immediate financial challenges. This group of salaried workers will repay the loan out of their monthly salaries. Their finance officer is directly responsible for deducting the repayment and pays SMT/Kiva on their behalf.

The 31-year-old Osman is married to a banker and the couple has two children attending primary school. Born in Magburaka town, in northern Sierra Leone, Osman has had three years of experience in the civil service. He has requested this loan in order to pay school fees for his junior sisters.

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
  • 32
    View loans »
    Sierra Leone Loans Fundraising
  • $9,391,500
    Funds lent in using Kiva
  • 4,365.0
    Sierra Leone Leones (SLL) = $1 USD