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Fatmata Binta's Group
In this Group: Fatmata Binta, Josephine Boi, Osman M., Maseray M., Follah , Kpangbavie S., Foday , Nancy , Ann J., Marian
Pictured here are teachers of a primary school located in Bo, a city in southern Sierra Leone. This group of teachers have come to SMT, a partner of Kiva, to apply for a loan of SLL 500,000 for each. With the help of this loan, each of these teachers will be able to meet a certain financial challenge or challenges that if left with his/her salary alone, he/she will have not been able to meet.

Fatmata is the featured leader of this group of borrowers. A native of Bontta, the 60-year-old is a widow with seven children, two of whom are still attending secondary and tertiary institutions. Fatmata has been a professional teacher for 29 years now. She has requested this loan in order to pay school/college fees for her 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
  • 13
    View loans »
    Sierra Leone Loans Fundraising
  • $8,963,475
    Funds lent in using Kiva
  • 4,367.0
    Sierra Leone Leones (SLL) = $1 USD