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Samuel N.'s Group
In this Group: Samuel N. , Monica , Edward , Lasana , Micheal , Claude , Adama , Samuel , Fatmata T.
Salone Microfinance Trust (SMT), a partner of Kiva.org based in Makeni, northern Sierra Leone, is very pleased to present to you this group of teachers from a primary school in Kenema, a city in eastern Sierra Leone. They have applied for a loan of 9,600,000 SLL in order to solve their immediate financial problems. At the end of each month, they will repay the loan using their monthly salaries.
Samuel is the leader of this group. A native of Moyamba, the 52-year-old is married and has six children – two in secondary school, two in primary school, one in college and the other not attending school. Samuel has served in the teaching profession for 32 years now. He has requested this loan in order to buy a plot of land for the future construction of a family house.

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
  • 35
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,200
    Funds lent in using Kiva
  • 4,560.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Samuel N.'s Group's $2,125 loan helped a member to buy a plot of land for the future construction of a family house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2011
Listed
Oct 10, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2012