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Gerard H.'s Group
In this Group: Gerard H., Vandi , Sundufu , Jestina J., Jeromy E., Brima , Mohamed Smart, Bobor
Pictured above are teachers of a secondary school located in Kenema, a city in eastern Sierra Leone. This group of hard-working and dedicated teachers has come to SMT, a partner of Kiva based in Makeni, northern Sierra Leone, to request a loan of 16,600,000 Sierra Leonean Leones (SLL) for the entire group. With the help of this loan, these people can meet their immediate financial challenges and at the end of each month, they can easily repay the loan, using their salaries. It is their school’s bursar who is directly responsible for doing the deductions and making the repayments on their behalf.

Jestina is the featured leader of this group. The 43-year-old is a native of Kenema city. She is a widow and has six children who are attending secondary schools. Jestina has been a school teacher for 10 years. She plans to use her part of the loan in order to buy house-building materials, like iron, corrugated zinc, sand, nails, rods, etc., 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 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

  • $903
    Average annual income
  • 18
    View loans »
    Sierra Leone Loans Fundraising
  • $9,076,200
    Funds lent in using Kiva
  • 4,327.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Gerard H.'s Group's $3,850 loan helped a member to buy house-building materials, like iron, corrugated zinc, sand, nails, rods, etc., for the construction of a dwelling house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Apr 8, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014