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Sheku O.'s Group
In this Group: Sheku O., Rashid K., Daniel M.
Salone Microfinance Trust (SMT), a partner of Kiva, based in Makeni, northern Sierra Leone, is very pleased to present to you this group of teachers from the small town of Waterloo, near Freetown, Sierra Leone’s capital city. These teachers have come to SMT to request a loan of 6,000,000 Leones for the entire group in order to meet their immediate financial challenges. At the end of each month, they will repay the loan using their monthly salaries.
Sheku is the featured leader of this group. The 49 year old is a native of a place call Pangure. He is married to a teacher and the couple has three children. Sheku has been a professional teacher for 24 years now. He has requested this loan in order to purchase building materials for the construction of a dwelling house.

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

  • $903
    Average annual income
  • 10
    View loans »
    Sierra Leone Loans Fundraising
  • $9,001,175
    Funds lent in using Kiva
  • 4,319.7
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Sheku O.'s Group's $1,400 loan helped a member to purchase building materials for the construction of a dwelling house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Jan 29, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014