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Joseph Ben's Group
In this Group: Joseph Ben, Amelia M., Augusta A., Alice , Joseph P., Abu Bakar B., Finda M., Mary A., Joseph John O.
Pictured here are primary school teachers from the southern city of Bo. They have come to SMT, a partner of Kiva.org, based in Makeni, Northern Sierra Leone to apply for a loan of SLL 13,100,000. With the help of this loan, these teachers will be able to meet their most immediate and most pressing financial needs. And at the end of each month, they can easily repay the loan, using their monthly salaries. It is their school’s bursar who is directly responsible for doing the deductions and making the repayments on their behalf.

Joseph is the featured leader of this group of teachers. Joseph is a native of Njala Konboya. He is married to a housewife and the couple has five children who are attending schools. Joseph has been a professional teacher for 33 years now. He has requested for this loan in order to pay the 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
  • 15
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,550
    Funds lent in using Kiva
  • 4,369.7
    Sierra Leone Leones (SLL) = $1 USD