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Stephen L.'s Group
In this Group: Stephen L., Ibrahim , Moiwai
Salone Microfinance Trust (SMT), a partner of Kiva.org in Makeni, northern Sierra Leone, is pleased to present to you these primary school teachers from Kenema city, in eastern Sierra Leone. Founded in 1987, this school is staffed with three teachers and has an enrollment of 122 pupils.

This is the first loan that this school has applied for from SMT/Kiva lenders. Moiwai is the featured leader of this group of teachers. The 52-year-old Moiwai was born in Kamboma in the eastern part of Sierra Leone. He has been in the teaching profession for 27 years now. He is married to a housewife, and the couple has five children: two are attending secondary school, two are in college and one is not of school-going age. Moiwai has requested this loan in order to purchase house building materials like cement, etc., for the construction of a 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
  • 7
    View loans »
    Sierra Leone Loans Fundraising
  • $8,977,275
    Funds lent in using Kiva
  • 4,281.7
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Stephen L.'s Group's $950 loan helped a member to purchase house building materials like cement, etc., for the construction of a house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2013
Listed
May 19, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014