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Mohamed M.'s Group
In this Group: Mohamed M., Mohamed M. , Ansu Dominic, Fatmata W. , Mohamed S.a.
Salone Microfinance Trust (SMT) is very pleased to present to you this group of teachers from Kenema, a city in Eastern, Sierra Leone. They have applied for a loan of 8,400,000 leones from SMT/Kiva lenders in order to meet their immediate financial needs. Some of these teachers will use their share of the loan to buy house building materials; some will use it to pay school fees for their children and so on. Using their monthly salaries, they will gradually repay the loan. Their school’s bursar is directly responsible for making the repayments on their behalf.

Fatmata is the leader of this group of teachers. She is 44 year old, a native of the village of Gorahun in Eastern, Sierra Leone. She is married and has one child who is in college. Fatmata has been a teacher for 20 years now. She will use her share of the loan to pay college fees for her child.

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
  • 28
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,175
    Funds lent in using Kiva
  • 4,349.8
    Sierra Leone Leones (SLL) = $1 USD