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Richard Komba's Group
In this Group: Richard Komba, Njafoe S., Sahr
Pictured above are a group of teachers from the eastern city of Koidu. Like their fellow teachers in various areas where Salone Microfinance Trust (SMT) operates, they came to SMT to apply for staff loans. These loans are specifically designed for low-paid staff. With this type of loan, staff can meet their most immediate and pressing needs. At the end of each month, their bursar is directly responsible for deducting their repayments and pays SMT/Kiva lenders on their behalf.

Sahr is the featured leader of this group. At 52, Sahr is married to a housewife. A native of Banganbuya, Sahr is the father of seven children - four in primary school, two in secondary school, and one in college. Sahr has been a school teacher for 30 years now. He has requested this loan in order to buy house-building materials 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

  • $903
    Average annual income
  • 0
    View loans »
    Sierra Leone Loans Fundraising
  • $8,868,550
    Funds lent in using Kiva
  • 4,338.4
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Richard Komba's Group's $1,075 loan helped a member to buy materials for the construction of a house for his family.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
Jun 26, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014