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Francis F.'s Group
In this Group: Francis F., David , Fouad C. , Makotor Assanatu
Salone Microfinance Trust (SMT) is very pleased to present to you this group of teachers from Grafton, on the outskirts of Freetown, Sierra Leone's capital city. With the help of this loan, this group of teachers will be able to buy or invest in things that their mere salaries alone cannot let them do. And at the end of each month, they will repay the loan using their monthly salaries. Their school’s bursar is directly responsible for making the deductions and the repayments on their behalf.

Francis is the leader of this group. The 55-year-old is a native of Kailahun town. He is married to a housewife and the couple has six children. Francis has requested this loan in order to buy house-building materials like cement and iron corrugated zincs in order to augment his current house-building project.

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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,075
    Funds lent in using Kiva
  • 4,365.0
    Sierra Leone Leones (SLL) = $1 USD
A portion of Francis F.'s Group's $2,175 loan helped a member to buy house-building materials like cement and iron corrugated zincs in order to augment his current house building project.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jun 9, 2012
Jul 11, 2012
Currency Exchange Loss:
Aug 10, 2012