Jinnah E.'s Group
SMT/Kiva lenders loans designed specifically for teachers are very helpful as they enable them to buy or invest in items that their mere salaries cannot let them do. But with the help of this loan, some of them will be able to invest in business, pay school fees for their children, buy household furniture or house-building materials, etc. and at the end of each month, they repay the loan, using their monthly salaries. It is their school’s bursar who is directly responsible for doing the deductions and making the repayments on their behalf.
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
About Sierra Leone
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Success!! The loan was 100% repaid