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Alpha S.'s Group
In this Group: Alpha S. , John Mohamed, Edward , Emmanuel S.y.
Pictured here are primary school teachers from the village of Mabai, in Northern Sierra Leone. This group of teachers has come to SMT, a partner of Kiva.org to apply for a loan in order to solve their immediate financial challenges. Some will use their share of the loan to buy a piece of land, others to build a family dwelling house, some will invest in a business, pay school fees for their children, etc. And at the end of each month, they will repay the loan using their monthly salaries. Their school’s bursar is directly responsible for doing the deductions and making the repayments on their behalf.

Alpha is the leader of this group of teachers. The fifty-seven year old is married to a housewife. Alpha has ten children, six of whom are attending primary and secondary schools. Alpha has been a professional teacher for thirty five years now. He has requested this loan in order to buy house building materials like sand, cement, etc. for the construction of a family 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
  • 51
    View loans »
    Sierra Leone Loans Fundraising
  • $9,344,750
    Funds lent in using Kiva
  • 4,310.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Alpha S.'s Group's $1,300 loan helped a member to buy house building materials like sand, cement, etc. for the construction of a family house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2012
Listed
Apr 8, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 18, 2013