Primary School In Makeni Group
This Primary School continues to prove itself in both the academic arena and in sport. Ninety-eight percent of the pupils they sent last academic year for the National Primary School Exams (NPSE) had clear passes. This academic year, they expect to have a 100% passes at the NPSE.
This is the first loan the school is seeking from SMT. With this loan, they will be able to invest in some petty-trading in order to supplement their monthly salaries. Some however will use theirs to either buy pieces of furniture or in constructing houses. This loan will definitely improve the economic status of these teachers.
John B. C. (left) is the head teacher of this school. Mr. C. was born in Kamalo village, about forty-seven miles from Makeni. He is fifty-five years of age, married with six children between the ages of two and thirty-four. John is currently building a second home for himself. He will use his loan to buy building materials to continue with the building process. This house will consist of three bedrooms, a parlor, a store and a toilet. Once he is finished building it, it will be an estimated value of Le 10,000,000 – Le 11,000,000 (approx. US$ 3000 – US$ 3600).
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