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Alice C.'s Group
In this Group: Alice C., Fadiru , Jestina K., Euginia , Amadu D. W., Melrose , Dian , Princess O., Fatmata
Salone Microfinance Trust (SMT) is very pleased to present to you this group of able and dedicated teachers from Benguma in western Sierra Leone, near the capital city of Freetown. They are applying for a loan of SLL 10,500,000 in order to meet their most urgent financial challenges. At the end of each month they can 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.

Alice is the featured leader of this group. A native of Waterloo town, the 51-year-old has 2 children – 1 of whom is still in college and the other is no longer in school. Alice has been a professional teacher for 35 years now. She has requesed this loan in order to pay college fees for her child.

(These teachers came to the office in two separate batches to collect the loan, hence two different photos attached together)

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

  • $2,100
    Average annual income
  • 51
    View loans »
    Sierra Leone Loans Fundraising
  • $9,342,250
    Funds lent in using Kiva
  • 4,328.3
    Sierra Leone Leones (SLL) = $1 USD