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Sheriff's Group
In this Group: Sheriff , Roston , Musa , Lahai E., Francess M.
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, Northern Sierra Leone, is pleased to present to you this group of borrowers from a primary school in Kenema city, Eastern Sierra Leone. Staff of this institution have come to SMT for a loan of 8,400,000 SLL for the second time in order to improve on their standards of living. Some of them will use this loan to buy house-building materials, some to buy pieces of furniture, others to pay school fees for their children, and so on. At the end of each month, their school’s bursar is directly responsible for deducting their repayment amount from their salaries in order to pay SMT/Kiva lenders.

This is the second loan that this institution has applied for from SMT/Kiva lenders. Roston is the leader of this group. The 48-year-old man was born in a place call Kpuwabu, in Eastern Sierra Leone. He is a teacher and has been in the teaching profession for 21 years now. Roston is married and has five children: three in primary school and two in secondary school. Roston has requested this loan in order to buy house-building materials--bags of cement and iron-corrugated zincs--for the completion of a family house he began building with his first Kiva loan.

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

  • $903
    Average annual income
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,550
    Funds lent in using Kiva
  • 4,349.8
    Sierra Leone Leones (SLL) = $1 USD