Alhadi Primary School Group
Alhadi is proud that their pupils are able to make good grades on the National Primary School Exams (NPSE). In sports also, (i.e., for both athletics and soccer), Alhadi is proud that they always emerge victorious among all Islamic schools in Makeni town.
Over the years the school has grown so much that it now lacks adequate furniture and teaching materials. There are not enough benches and desks for the pupils, so they have to squeeze together. In addition to this, teaching materials like textbooks and chalk are also a constrain for this school.
This will be the first loan for teachers of the Alhadi Primary School from SMT (through Kiva). This loan will certainly be of immense help to these teachers. Since salaries are usually small in Sierra Leone, and especially so for people in the teaching profession, they can not use such salaries to buy much or do anything great. But with a loan, they can now buy or do something big and then repay over a period of time. Some of them will use their share to begin or continue building a house, others to pay either for themselves to pursue further studies or pay for their children’s education. Some will use their share to invest in business in order to complement their monthly salaries. And still others will use theirs to buy pieces of furniture.
Fatu M. K. (left) is the head teacher of this school. She was born in Lunsar, Port Loko district, northern Sierra Leone. She is age fifty-five and a widow of four children. All of her children are now grown-ups and are professionals. She has been head teacher of this school for five years now. Fatu will use her Le 1,000,000 loan to invest in business. She will make "gara lappers" (locally dyed cloth, sometimes with fancy designs) to sell in Freetown. Fatu said she wants to get started in business so that once she retires, she will have something to do.
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