Check out some available loans that are similar to this one!
Mustapha B.'s Group
In this Group: Mustapha B., Stephen E.b., Paul M., Andrew Brima, Patience V.
Salone Microfinance Trust (SMT) is a partner of in Makeni city, northern Sierra Leone. We offer loans to teachers and other salaried workers to empower them to buy or invest in things that their salaries cannot let them invest in. For example, some of these teachers can use the loan to buy a plot of land for the future construction of a family house, some will use it to buy pieces of furniture or pay school fees for their children. At the end of each month, their bursar repays SMT/Kiva on their behalf.

Mustapha is the featured leader of this group of teachers. Born in Pendembu, 52 years ago, Mustapha is married to a businesswoman and the couple has four children. Two of them are in primary school and the other two are in secondary school. Mustapha has requested a loan of 1,200,000 SLL in order to buy cement, iron rod and timber.

(Also attached to the right of the photo is a borrower who was not present for the group snap shot)

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
  • 14
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,075
    Funds lent in using Kiva
  • 4,282.7
    Sierra Leone Leones (SLL) = $1 USD