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Ibrahim's Group
In this Group: Ibrahim , Edword B., Mamud A., Mohamed , Ansumana , Fuad Mohamed, Abdul , John Alhaji
These are teachers at a secondary school in Kenema. Teachers of this noble institution have come to SMT, a partner of Kiva.org, in Makeni, Northern Sierra Leone, to seek a loan of 12,800,000 Sierra Leonean Leones (SLL) for the entire group. With the help of this loan, this group of teachers will be able to improve on their standard of living.

Thirty-nine-year-old Ibrahim is the leader of this group of teachers. Ibrahim was born in Magburka. He is married and has three children who attend primary school. Ibrahim has been a teacher for thirteen years. He has requested this loan to buy house-building materials: bags of cement, iron corrugated zincs, nails, etc., for the construction of a family house.

Staff from this school, like many other schools' staff within SMT’s operational areas, comes to SMT to apply for loans. With the help of these loans, they can accomplish tasks that they would otherwise not be able to on their salaries alone. But with the help of this loan, some can pay school fees for their children; others can use the loan to buy furniture, a plot of land, house-building materials, or invest in a business. At the end of each month, these teachers can repay the loan out of their monthly salaries. The institution’s bursar is directly responsible for deducting the repayment and pays SMT on their behalf.

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
  • 31
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,200
    Funds lent in using Kiva
  • 4,310.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Ibrahim's Group's $2,975 loan helped a member to buy house-building materials: bags of cement, iron corrugated zincs, nails, etc., for the construction of a family house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Apr 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013