Check out some available loans that are similar to this one!
Hassan's Group
In this Group: Hassan , Ishmael Saed , Abdulai , Mohamed , Mohamed S., Mohamed Lamin, Mohamed S. , Alhaji S. , Joseph Bockarie, Mohamed Akim
Salone Microfinance Trust (SMT) is very pleased to present to you this group of teachers from Waterloo, a small town near Freetown, Sierra Leone's capital city. They have applied for a loan of 17,600,000 Sierra Leonean Leones (SLL) from Kiva lenders. With the help of this loan, they can meet certain financial challenges that they couldn’t meet if they depended on their salaries alone. And at the end of each month, their school’s bursar repays SMT/Kiva on their behalf.

The featured leader of this group is Hassan. Hassan is a native of Freetown. He is 32 years of age. He is married to a teacher and the couple has one child. Hassan has requested this loan in order to invest it in business. He will buy local produces like like rice, palm-oil (the country’s most popular cooking oil), etc. in large quantity and sell them.

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
  • 15
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    Funds lent in using Kiva
  • 4,300.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Hassan's Group's $4,100 loan helped a member to buy local produces like rice and palm-oil in large quantities to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2012
Listed
Sep 21, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 25, 2013