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Alfred B.'s Group
In this Group: Alfred B. , Julius T. , Messie P., Edwin P. , Joseph J. , Pamela M. , Brima C. , Joseph A.g.
Salone Microfinance Trust, a partner of Kiva.org in Makeni, is very pleased to present to you this group of teachers from Kenema city, in eastern Sierra Leone. They have applied for a loan of 9,500,000 Sierra Leone leones (SLL) from Kiva field partner SMT. With the help of this loan, they are going to solve most of their immediate financial needs, and at the end of each month, they repay SMT/Kiva using their monthly salaries. Their school’s bursar is directly responsible for deducting the repayments and paying SMT/Kiva on their behalf.

Alfred is the leader of this group of teachers. Born in Sumbuya, southern Sierra Leone, the 57-year-old has served in the teaching profession for 36 years. He is married and has three children: two in secondary school and one no longer attending school. Alfred has requested this loan in order to pay school fees for his 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

  • $2,100
    Average annual income
  • 57
    View loans »
    Sierra Leone Loans Fundraising
  • $9,327,250
    Funds lent in using Kiva
  • 4,560.0
    Sierra Leone Leones (SLL) = $1 USD