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David M.s.'s Group
In this Group: David M.s., Weller
Pictured here are teachers from on the primary school in Jui, an outskirt of Freetown, Sierra Leone’s capital city. These teachers have come to Salone Microfinance Trust (SMT), a partner of to request a loan of 1,500,000 Sierra Leonean Leones each in order to solve certain financial challenges they are encountering. And at the end of each month, using their monthly salaries, these teachers can repay the loan. Their school’s bursar is directly responsible for making the repayments on their behalf. David is the featured leader of this group. A native of Buedu, the 52 year old man is married to a trader and the couple has 4 school going children. A teacher for many years now, David is pursuing further studies in college. He has requested this loan in order to pay his college fees.

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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,075
    Funds lent in using Kiva
  • 4,300.0
    Sierra Leone Leones (SLL) = $1 USD