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David F.'s Group
In this Group: David F., Emmanuel Paul, Tamba P., Stephen A., Martin Sahr Kaiwandy, Tamba Desmond
Pictured above are teachers from one of the primary schools in Koidu. They have come to Kiva field partner Salone Microfinance Trust (SMT) to request a loan of 14,900,000 Sierra Leonean Leones for the entire group. With the help of this loan, these teachers will be able to meet their immediate and most pressing financial needs. For example, some of them will use this loan to pay school fees for their children, others will use it to buy house building materials, and some will invest in their side businesses. And at the end of each month, they can use their monthly salaries to make payments on their loan. It is their school's bursar whose has the responsibility to deduct the repayments and repay SMT/Kiva lenders on the teachers’ behalf.
David is the featured leader of this group. A native of Koidu, a city in eastern Sierra Leone, the 61-year-old is married to a teacher and the two have 4 children, 3 of whom are attending primary and secondary schools. David has been a professional teacher for 39 years now. With his share of the loan, he is going to buy building materials like iron, corrugated zincs, sand, nails, cements, etc. for the construction of a house for his family.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Sierra Leone

  • $2,100
    Average annual income
  • 13
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,075
    Funds lent in using Kiva
  • 4,320.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of David F.'s Group's $3,450 loan helped a member to buy building materials like iron, corrugated zincs, sand, nails, cements, etc. to construct a house for his family.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Feb 5, 2013
Mar 2, 2013
Currency Exchange Loss:
Mar 20, 2014