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Tamba P.'s Group
In this Group: Tamba P., Theresa F. , Ishmael , Kai E. , Brima , Niouma Koya , Francis J. , Solomon
Meet this group of teachers from a Technical Vocation school in Koidu, a city in Eastern Sierra Leone. They have come to SMT, a partner of Kiva.org based in Makeni, Northern Sierra Leone to seek a loan of 7,300,000 Sierra Leonean leones (SLL) in order to meet their immediate financial challenges. At the end of each month, they will repay the loan using their monthly salaries. Their institution’s bursar is directly responsible for doing the deductions and repayments on their behalf.

Tamba is the leader of this group of teachers. He is 42 years of age. Born in Mansudu in Eastern Sierra Leone, Tamba is married and has five children – one in primary school, three in secondary and one grown-up. Tamba has served in the teaching profession for ten years now. He has requested this loan in order to buy food to feed his family and 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

  • $903
    Average annual income
  • 42
    View loans »
    Sierra Leone Loans Fundraising
  • $9,192,975
    Funds lent in using Kiva
  • 4,376.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Tamba P.'s Group's $1,225 loan helped a member to buy food to feed his family and to pay school fees for his children.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2011
Listed
Nov 19, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2012