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Elizabeth's Group
In this Group: Elizabeth , Bockarie , Abibatu A, Samuel A.
These are teachers of a primary school, located in Blama village, near Kenema City in Eastern Sierra Leone. The school serves 60 pupils and employs 6 teachers. In operation since 1990, the school receives support from the government to help cover its operating costs.

However, for many of the teachers here, life can be a struggle. Many teachers therefore engage in side-projects and small businesses in order to supplement (or in some cases replace) their salaries.

Elizabeth is the leader of this group of teachers. Elizabeth is 49 years old and has been in the teaching profession for 27 years. She is married, and together they have four children – one in primary school, two in secondary school and one in college. Elizabeth plans to use her portion of the loan to buy house building materials, like cement 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Sierra Leone

  • $903
    Average annual income
  • 0
    View loans »
    Sierra Leone Loans Fundraising
  • $8,868,550
    Funds lent in using Kiva
  • 4,300.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Elizabeth's Group's $1,275 loan helped a member to buy house building materials like cement and nails for the construction of a house.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2011
Listed
Dec 28, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2012