Check out some available loans that are similar to this one!
Abu Bakarr's Group
In this Group: Abu Bakarr, Abdulia , Abu Samuel, Alice Dato, Alpha Sahid, Fatu Y.
Pictured here are teachers from one of the primary schools in Lunsar, a town in northern Sierra Leone. This group of teachers has come to SMT, a partner of Kiva based in Makeni, in northern Sierra Leone for a loan of 10,400,000 Leones for the entire group. With the help of this loan, these teachers will be able to buy or invest in things that their mere salaries will not allow for. At the end of each month, they will repay the loan using their monthly salaries. It is their school’s bursar who is directly responsible for doing the repayments on their behalf.

Abu Bakarr is the featured leader of this group. Abu Bakar is 50 year old. A native of Lunsar, he is a widower with three children – one in primary school, one in college, and the other is not yet of school-going age. Abu Bakarr has been a teacher for many years. He is the current head teacher at the school. Abu Bakarr has requested for this loan in order to pay tuition fees for his children.

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
  • 54
    View loans »
    Sierra Leone Loans Fundraising
  • $9,327,250
    Funds lent in using Kiva
  • 4,337.8
    Sierra Leone Leones (SLL) = $1 USD