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Francess F.'s Group
In this Group: Francess F. , Joseph A.
Salone Microfinance Trust (SMT), a Kiva partner in Makeni, northern Sierra Leone, is very pleased to present to you this group of teachers from Makeni. Like their counterparts in other regions of the country, these borrowers are going to use this loan for different purposes. At the end of each month, they will repay their loan using their monthly salaries. Their school’s bursar is directly responsible for making the deductions and repaying SMT/Kiva on their behalf.

Francess is the leader of this group. Born in Gbanty village in northern Sierra Leone about 52 years ago, Francess is married and is the mother of three children: one in primary school, one in secondary school and one in college. Francess has been a professional teacher for 34 years now. She has requested this loan to buy house building materials (iron corrugated zincs, cement, etc.) for the construction of a family dwelling 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

  • $2,100
    Average annual income
  • 57
    View loans »
    Sierra Leone Loans Fundraising
  • $9,327,250
    Funds lent in using Kiva
  • 4,330.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Francess F.'s Group's $425 loan helped a member to buy house building materials (iron corrugated zincs, cement, etc.) for the construction of a family dwelling house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2012
Listed
Jun 20, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2013