Umc Primary School, Makeni Group
Because of the dedication of its teachers, UMC Primary students achieve outstanding results in the National Primary School Examination (NPSE). Almost always, 99% of UMC Primary pupils pass the examination to enter secondary school. The children also participate in extracurricular activities, such as football (soccer), other athletic games, and social events organized for all primary schools in Makeni.
Teaching is a rewarding profession, but it is not well paid. Government salaries for teachers are usually small, so teachers often have to supplement their incomes. But with this loan, they will be able to invest in something meaningful and gradually repay the loan within a ten-month period from their monthly salaries.Some of the teachers will use their portion of the loan to pay school fees for themselves or their children. Other will invest their portion in businesses or farming. And others will use their portion to buy furniture or improve their homes. This is the first loan UMC Primary school is seeking from SMT. They were inspired by UMC Secondary school to apply for a loan from SMT.
Sallamatu B. (3rd from Left) is the head teacher of this school. Sallamatu was born in Yoni Banna, a small town in the Tonkolili district. She is thirty-six years old. She is married to the principal of UMC Secondary School, Makeni, and the couple has two children. She has been teaching for the past fourteen years. She has always found it necessary to take on extra work, such as selling foodstuffs, to supplement her monthly salary. She would use her portion of this loan to buy palm oil (the most popular cooking oil) in bulk for resale. She would use the profits to pay school fees for her eldest son, who is in class four.
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