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Osman Joseph's Group
In this Group: Osman Joseph, Abdul Rahman , Fatmata B. , Ann-Marie , Margaret , Kadiatu , Lansana , Abdulia Kissma*
* not pictured
Salone Microfinance Trust (SMT) is very pleased to present to you this group of teachers from Waterloo, located about 22 mile from Freetown, Sierra Leone's capital city. This group of teachers have come to SMT/Kiva lenders to solicit a loan of 13,000,000 Sierra Leonean Leones in order to meet their immediate financial challenges. 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 repayment on their behalf.

Osman is the leader of this group of teachers. The 37 year-old is a native of Freetown. He is married to a trader and has 2 school-aged children. Osman has been a teacher for many years now. In addition to his teaching profession, Osman is also a businessman. He has been doing business for 5 years now. As teachers' salaries are normally small, his business helps him earn extra money to complement his monthly salary. Osman has requested for this loan in order to expand his business by buying local produce like rice, palm-oil, etc., in bulk to add to his current stock. He can also use part of the loan to take care of his home.

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

  • $2,100
    Average annual income
  • 52
    View loans »
    Sierra Leone Loans Fundraising
  • $9,327,250
    Funds lent in using Kiva
  • 4,312.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Osman Joseph's Group's $3,025 loan helped a member to buy local produce like rice, palm-oil, etc., in bulk to add to his current stock. He can also use part of the loan to take care of his home.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Aug 9, 2012
Aug 28, 2012
Currency Exchange Loss:
Aug 24, 2013