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Sahr H.'s Group
In this Group: Sahr H. , Tamba Yanni , Aiah B. , Bernadette M. , Martin A. , Lamsana
Salone Microfinance Trust (SMT), a partner of Kiva.org based in Makeni, Northern Sierra Leone is very pleased to introduce to you this group of teachers from the Eastern city of Koidu/Kono. They have requested for a loan 8,800,000 SLL from SMT/Kiva lenders in order to solve their immediate financial needs. At the end of each month, they will repay the loan, using their monthly salaries. Their school’s bursar is directly responsible for deducting the repayment and repays SMT/Kiva lender on their behalf. Bernadette is the leader of this group of teachers. Born in Kono, 51 years ago, Bernadette has been in the teaching profession for 28 years now. She is single with five children, three in primary school and two in secondary school. She has applied for this loan in order to pay school fees for her children and also to buy house building materials like cement, iron, corrugated zincs, etc. for the construction of a dwelling house.

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
  • 40
    View loans »
    Sierra Leone Loans Fundraising
  • $9,194,175
    Funds lent in using Kiva
  • 4,348.4
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Sahr H.'s Group's $2,025 loan helped a member to pay school fees for her children and also to buy house building materials like cement, iron, corrugated zincs, etc. for the construction of a dwelling house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013