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Michael M.'s Group
In this Group: Michael M., Mohamed S., Solomon Borbor, Fernendo M., Emelie E., Mohamed M., Emma Saffiatu, Jeneba , Fatmata Betty, Jestina , Joseph B., Alpha K.
These are members of a primary school in Bo city. They want a loan of 17,600,000 SLL (Sierra Leone leones) to help them meet their immediate needs. Some of them want the loan in order to invest in business, some to pay their childrens' school fees and other school-related charges, and others would like to invest the loan in a house-building project.

Michael is the featured leader of this group. A native of Gboyama, in southern Sierra Leone, the 53-year-old is married to a teacher, and the couple has three children who are attending schools. Michael has been a schoolteacher for 25 years now. He has requested this loan in order to buy house-building materials like iron corrugated sheets, cement, etc., for the construction of a dwelling house.

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

  • $2,100
    Average annual income
  • 23
    View loans »
    Sierra Leone Loans Fundraising
  • $9,391,500
    Funds lent in using Kiva
  • 4,310.0
    Sierra Leone Leones (SLL) = $1 USD
A portion of Michael M.'s Group's $4,100 loan helped a member to buy house-building materials like iron corrugated sheets, cement, etc., for the construction of a dwelling house.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jul 17, 2013
Aug 23, 2013
Currency Exchange Loss:
Sep 22, 2013