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Esther S.'s Group
In this Group: Esther S., Agnes A.
Pictured here are teachers from one of the leading vocational institutes in Magburaka, a town in Northern Sierra Leone. These teachers have applied for a loan of SLL 1,500,000 from SMT/Kiva lenders in order to solve their immediate financial challenges. At the end of each month, they repay the loan using their monthly salaries. Their institution's bursar is directly responsible for doing the deductions and making the repayment to SMT/Kiva lenders on their behalf.

Esther on the right is the leader of this group of two. She is fifty-eight years of age. A native of Magburaka town, Esther is married and has five children – two in secondary school, two in primary and one in college. Esther has been a teacher for thirty-two years now. She has requested this loan in order to buy bags of cements and nails for the construction of a 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

  • $903
    Average annual income
  • 12
    View loans »
    Sierra Leone Loans Fundraising
  • $8,963,475
    Funds lent in using Kiva
  • 4,295.0
    Sierra Leone Leones (SLL) = $1 USD