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Mohamed's Group
In this Group: Mohamed , Alfred , Marie , Ibrahim
Salone Microfinance Trust (SMT), a partner of based in Makeni, Northern Sierra Leone, is very pleased to present to you teachers of this primary school in Kenema, a city in Eastern Sierra Leone. Teachers and workers of various institutions usually apply for loans from SMT/Kiva lenders. At the end of each month, the bursar or person in charge of paying salaries in the institution will deduct the borrowers’ monthly repayments and remit them to SMT on their behalf.

The workers of this school have applied for their second loan from SMT/Kiva lenders. With the help of their first Kiva loan (SLL 5,000,000), some bought furniture, others paid school fees for their children, etc. Having successfully repaid that loan, they are requesting a new loan of SLL 6,000,000 in order to again buy or invest in items that they cannot afford with their salaries.

Mohamed, 28 years old, is the leader of the group. He was born in the village of Gbatoma, about 58 miles from Kenema. Mohamed is married to a housewife and has one child, not yet school aged. Mohamed has requested a loan of SLL 1,500,000 to buy house building materials such as corrugated iron, nails, boards, etc. to continue building the house begun with the help of the first loan.

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
  • 5
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,050
    Funds lent in using Kiva
  • 4,360.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Mohamed's Group's $1,400 loan helped a member to buy house building materials such as corrugated iron, nails, boards, etc. to continue building the house begun with the help of the first loan.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jul 25, 2012
Aug 23, 2012
Currency Exchange Loss:
May 18, 2013