Secondary School, Makeni Group
This secondary school remains the first school of choice for girls in Makeni city and even beyond. The students of this school continue to make good grades in both the Basic Education Examination’s Certificate (BECE) for the Junior Secondary School and the West Africa Senior Secondary Schools Examination (WASSE). The school has contributed immensely towards the education of girls in Makeni and beyond. Many of the city’s educated women came from this school. This Secondary School also continues to triumph over other schools in terms of sports (such as volleyball and other athletics).
Augustine I. T. (second from left) is the leader of this group of teachers. Augustine is the school’s bursar and had been serving in this capacity for over ten years. Mr. Augustine was born in Makeni. He is 65 years old, married, and has 12 children, seven of whom are still attending school. Mr. Augustine will invest the loan into business. He has been in business for many years now. This loan will therefore boost his business and financial status. Consequently, he will be able to solve most of his domestic problems.
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