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John S. Y.'s Group
In this Group: John S. Y., Mahmud A., Kaprie , Alfred G.
Salone Microfinance Trust is very pleased to present to you this group of teachers from Allen Town, an outskirt of Freetown, Sierra Leone’s capital city. This group of teachers has come to SMT, a partner of Kiva in Makeni, Northern Sierra Leone to apply for a loan of 8,300,000 Sierra Leonean Leones for the entire group in order to meet their immediate financial challenges. Teachers of this institution, like their colleagues in other institutions, come to SMT to apply for loans. With the help of these loans, they can meet certain financial needs that their mere salaries cannot let them meet.

The featured leader of this group is John. The 47 year old is a native of Gbendembu village. He is married and has four children attending schools. John is a teacher and has been in the teaching profession for many years now. He has requested this loan in order to buy household furniture to decorate his house. At the end of each month, he will repay the loan, using his monthly salary.

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
  • 54
    View loans »
    Sierra Leone Loans Fundraising
  • $9,327,250
    Funds lent in using Kiva
  • 4,300.0
    Sierra Leone Leones (SLL) = $1 USD