Check out some available loans that are similar to this one!
Bockarie A.a's Group
In this Group: Bockarie A.a , Momoh James , Bockarie Juliana, Mustapha
These are teachers at a primary school in Kenema. Teachers at this noble institution have come to SMT, a partner of Kiva.org, in Makeni, Northern Sierra Leone, to seek a loan of 9,500,000 Sierra Leonean Leones (SLL) for the entire group. With the help of this loan, this group of teachers will be able to improve their standard of living.

Fifty-seven-year-old Bockarie is the leader of this group of teachers. Bockarie was born in a place call Jojoima. He is married and has five children who attend secondary school. Bockarie has been a teacher for thirty-eight years. He has requested this loan in order to buy house-building materials: bags of cement, iron corrugated zincs, nails, robs, etc., for the construction of a family house.

Staff from this school, like many other schools' staff within SMT’s operational areas, come to SMT to apply for loans. With the help of these loans, they can accomplish tasks that they would otherwise not be able to accomplish 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 pieces of 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

  • $903
    Average annual income
  • 21
    View loans »
    Sierra Leone Loans Fundraising
  • $9,100,425
    Funds lent in using Kiva
  • 4,310.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Bockarie A.a's Group's $2,225 loan helped a member to buy house-building materials: bags of cement, iron corrugated zincs, nails, robs, 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:
Mar 18, 2013