These are the teachers of the Magburaka Boys School. They have taken up the great task of bringing the school back to its former glory. Magburaka Boys School is the oldest school in the Northern Province of Sierra Leone. A lot of foreign dignitaries pass through this school when visiting the nation. When rebels invaded the town in 1997, the school was used as one of their bases. When they left in 2002, after a peace accord was signed with the government, they left the school in a dilapidated form. Buildings were burned and furniture destroyed, with much of it used to make fires. Today, the most famous and advanced school in the country has been crippled by war. Many of its best teachers fled and never came back. The few who have returned, who you see here, have made it their personal challenge to bring back Boys School to its former glory.
In Sierra Leone, most workers supplement their salaries by running small businesses. These teachers are no exception. All but one will invest their loans in their small companies.
One of these teachers is Steven T., the group leader. Steven is 46, married and has three children. He will use his loan to invest in a small kiosk where he sells cosmetics. He has said that sometimes sales are slow because of the rains, but with the dry season approaching, he is expecting an increase in business. Previous loans helped Steven a lot. He was able to solve most of his problems and able to pay his junior brother's school fees. With this loan, he is again expecting some great improvements in his life. Other members of the group include John V. B., Earnest I. C., Alimamy W. B., Osman S. B., Roland C. Kabbia and Daniel N`fa J..
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.