Osman Calla's Group
Update on Osman Calla's GroupTeachers of the AL-Harrkan Islamic Secondary School are very grateful to Kiva lenders for the loan they received. With the help of that loan, some of the teachers were able to pay school fees for their children. Others invested the loan in petty businesses and some bought pieces of land/house building materials. Having repaid that loan successfully, they are requesting a new loan in order to further improve their lives. Henry this time is the leader of this group. Born 46 years ago in Makeni city, Henry is married to a housewife and the couple has two children, one of whom is attending primary school. Henry has been in the teaching profession for many years now. He has requested this loan to buy house-building materials like bags of cement, for the construction of a family dwelling house.
Previous Loan DetailsPictured here are teachers of the AL-Harrkan Islamic Secondary School in Makeni, northern Sierra Leone. This group of teachers has come to SMT, a partner of Kiva.org, to apply for a loan of SLL 6,600,000 in order to meet their immediate financial needs. AL-Harrkan Islamic Secondary school was... More from Osman Calla's Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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.
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Success!! The loan was 100% repaid