Government Technical Institute Group
The ten years old civil war tremendously disrupted the smooth running of the institute. Before the war, the institute used to have an enrollment of about 200 – 300 students. In 1997 – 2002, rebels vandalized the whole institute – buildings were unroofed, labs and libraries destroyed. However Sababu Education, a World Bank sponsored project is currently rehabilating the institute. But the project does not call for reequipping the laboratories and libraries.
Government Technical Institute Magburaka is the only government technical institute in Magburaka town. Over the years, the institute has been able to train so many technicians serving both within and without Sierra Leone. It makes good grades at the external examinations organized by City and Guilds of London Institute. The institute also serves as a consultancy and guard to the people of Magburaka.
This is the first loan Government Technical Institute is requesting from Kiva through SMT. With this loan, some of these teachers will start a small business and those who are already running small businesses will invest the loan into their businesses. Some of the staff members will be using the loan to buy pieces of furniture, others to pay either for their children in their education or pay for themselves to pursue further studies. Others will use their loan in home building projects.
David E.A. K. is the principal at the Institute. He has been a teacher for forty-three years now. Mr. K. (right) was born in Makurgbo, nine miles from Magburaka. He is sixty-one years of age, married to a teacher and the two of them have five children. Four of their children are in secondary schools and the eldest is already a grown-up. Mr. K. will use his loan to pay his children’s school fees and solve many 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.
About Sierra Leone
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