Baptist Primary School, Magburaka Group
Since its inception in 1974, this school lacked a formal building of its own. The school depended on renting one unfinished house after another. But thanks to the government, through a World Bank-sponsored programme they had their first building constructed in 1993 with only five classrooms. This was not enough, however, to host the growing number of pupils in the community; the school was, and still remains, the only primary school around the Back of Police Community. Thus in 2000, the United Nations Observers' Mission in Sierra Leone (UNOMSL) built them another five-classroom building.
Today, they are proud of two buildings with a well trained and qualified staff of eighteen. They have a very good record in terms of public examinations. They always achieve a record of 100% at the National Primary Schools Exams (NPSE).
This is their second loan from Kiva through SMT (Kiva’s Field Partner). The previous loan was a great success for these teachers. Some used their loans to attend to their children's schooling; others invested theirs in businesses or agriculture; and others used them for personal expenses, like purchasing furniture. Still others used their loans to start or finish the construction of a house.
Their head teacher, Mr. Henry S. K. (at the back left, in green), was one among those who invested their loans in building a house. That loan (Le 1,000,000), though small he said, helped him to start the construction of a house. With this new loan (Le 1,500,000), he will now be able to push the building process to another level. This is a great help to them, said Mr. Henry, who has been a teacher for the past 35 years. With a loan, each of the teachers will be able to handle a large sum of money in bulk, invest it in something great, and then repay gradually out of their meager salaries.
Mr. Henry is now 55 years of age. He was born in a village called Bumbuna, about 30 miles from Magburaka, the Tonkolili District head-quarter town, Northern Sierra Leone. He is married with three children, who are all still in school.
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.
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Success!! The loan was 100% repaid