B.d.e.c Home Ecomonics Group
They teach pupils who are already in classes five and six from all schools in Makeni and beyond. Each school in town will bring their pupils to B.D.E.C Home Economics on a fixed day of the week for lessons. Among the subjects they teach are: home management; child care; Family and Life Education (F.L.E.); agriculture; clothing and textiles; food and nutrition, and so on.
The school is proud that pupils writing the subjects they teach always come with good grades on the National Primary School Exams (N.P.S.E). Since the school caters for pupils from all primary schools in Makeni and beyond, space has become their great challenge – they only have one building of about six classrooms. To add to their problems, the only toilet they had has been stolen. They are now looking to the government to buy them another, a process that might take donkey’s years.
This is the first loan B.D.EC Home Economics is borrowing from SMT (through Kiva). With this loan, they will be able to do something meaningful. Gradually, they will repay it out of their meager monthly salaries. Teachers are among the lowest paid workers in Sierra Leone, and with such small salaries, they could not do or buy anything big. With a loan, some of them can buy pieces of furniture; some will pay either their children’s school fees or pay for themselves to pursue further studies; others will use their share of the loan to either start building a house or to complete the building process; and others will use theirs in business to supplement their monthly salaries.
Alen F. (middle) is the head teacher of this school. Alen was born in Kamakwe, which is about fifty-five miles from Makeni. She is forty-eight years of age, married with three children. Alen will use her share of the loan to pay her children’s school fees. Once this is done, it will be a great relief to her she told me, for she will not have to scratch her head again over where to get the funds to pay for them.
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