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Aminata's Group
In this Group: Aminata , Foday M., Jacob S., Shar Musa, Tamba S., Sahr S., Andrew
Salone Microfinance Trust (SMT) is very pleased to present to you this group of school teachers from the eastern city of Koidu. Together, they have come to SMT to apply for a loan of SLL 10,250,000. With the help of this loan, they are being financially empowered to meet their most immediate and most pressing financial needs. At the end of each month, they can easily repay, using their monthly salaries. It is their school's bursar whose duty it is to deduct their repayment amounts and repay SMT/Kiva lenders on their behalf.

Shar Musa is the featured leader of this team. A native of Masundu, in eastern Sierra Leone, he is married to a farmer and the couple has five children - two are attending primary school and three are in secondary school. Shar Musa has been a school teacher for 13 years now. He has requested this loan in order to pay school fees for his children.

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

  • $903
    Average annual income
  • 40
    View loans »
    Sierra Leone Loans Fundraising
  • $9,194,175
    Funds lent in using Kiva
  • 4,338.4
    Sierra Leone Leones (SLL) = $1 USD