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Vandi M.b's Group
In this Group: Vandi M.b, Feima , Massah, Tainger , Musa , Mustapha A., Abib T, Mary E., Abu
Salone Microfinance Trust (SMT) is very pleased to present to you with this group of leachers, all of whom live in Kenema, a city in eastern Sierra Leone. Like their counterparts in other parts of our country, they are requesting a loan from SMT/Kiva lenders to meet their immediate financial needs. At the end of each month, they will repay a portion of the loan using their salaries. The leader of this group is Vandi, who is 45 years old and a native of the town of Fobu. He is married and has three children – one in primary school, one in secondary and one in college. He has been a teacher for 26 years and is applying for this loan to pay his children's school/college fees, buy items for his home and buy materials to improve and expand his 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
  • 54
    View loans »
    Sierra Leone Loans Fundraising
  • $9,327,250
    Funds lent in using Kiva
  • 4,341.3
    Sierra Leone Leones (SLL) = $1 USD