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Bockarie B.'s Group
In this Group: Bockarie B. , Regina , Charles S., Mariama , Bockarie A.
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, Northern Sierra Leone, is pleased to present to you this group of teachers from a primary school in Kenema, a city in Eastern Sierra Leone. Founded in 2002, this school is staffed with 40 able teachers and has an enrollment of 500 pupils. This is the first loan that this school has applied for from SMT/Kiva lenders. Bockarie is the leader of this group of teachers. 35-year-old Bockarie was born in Kenema. He has been in the teaching profession for 10 years now. He is married to a trader and they have one child who is attending secondary school. Bockarie has requested this loan in order to purchase house building materials like cement, iron, corrugated zinc, nails, etc. for the construction of a 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

  • $903
    Average annual income
  • 7
    View loans »
    Sierra Leone Loans Fundraising
  • $8,977,275
    Funds lent in using Kiva
  • 4,370.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Bockarie B.'s Group's $2,200 loan helped a member to purchase house building materials like cement, iron, corrugated zinc, nails, etc. for the construction of a house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2012
Listed
Jul 14, 2012
Currency Exchange Loss:
Possible
Ended:
May 18, 2013