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Bernadette M.'s Group
In this Group: Bernadette M., Abubakarr , Tamba Y. , Alphonso , Lamsana , Martin A., Aiah B. , Komba Stephen , Sahr H.
Salone Microfinance Trust (SMT), a partner of Kiva based in Makeni, northern Sierra Leone. is very pleases to introduce this group of teachers from the eastern city of Koidu/Kono. They are among the first applicants to receive a loan from SMT/Kiva lenders in this city. They have applied for a loan of 9,500,000 SLL in order to solve their immediate financial needs. At the end of each month, they will repay the loan, using their monthly salaries. Their school’s bursar is directly responsible for deducting the repayment and repays SMT/Kiva on their behalf.

Bernadette is the leader of this group of teachers. Born in Kono, Bernadette, who is 51 years old, has been in the teaching profession for 30 years. She is single with five children, all of whom attend school. She has applied for this loan in order to purchase furniture and pay school fees for her 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
  • 17
    View loans »
    Sierra Leone Loans Fundraising
  • $8,963,475
    Funds lent in using Kiva
  • 4,427.0
    Sierra Leone Leones (SLL) = $1 USD