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Mohamed's Group
In this Group: Mohamed , Tamba K. , Komba Nelson, Tamba Joseph
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 primary school teachers from Koidu in Eastern Sierra Leone. They are requesting a loan of SLL 9,000,000 from SMT/Kiva lenders. With the help of this loan, they will be able to solve their immediate financial challenges. At the end of each month, they repay the loan using their monthly salaries. Their bursar is directly responsible for doing the deductions and making the repayments on their behalf.

Mohamed is the leader of this group of teachers. The 40-year-old is a native of Kpowubu village in Eastern Sierra Leone. He is married to a teacher and the couple have four children who are attending primary and tertiary institutions. Mohamed has served in the teaching profession for seven years now.

He is requesting this loan in order to pay school fees for his children and will use the rest to buy house-building materials like nails and cement.

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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,550
    Funds lent in using Kiva
  • 4,325.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Mohamed's Group's $2,100 loan helped a member to pay school fees for his children and use the rest to buy house-building materials like nails and cement.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013