Ahmadiyya Agriculture Secondary School, Newton Group
Ahmadiyya Agriculture Secondary School makes good grades every academic year at the Basic Education Certificate Examination (BECE). Before its elevation to a senior secondary school, the school has been able to send many pupils to senior secondary schools every academic year.
However, regardless of their good performance at the BECE, Ahmadiyya Agriculture Secondary school faces some major challenges – it lacks a library, a laboratory and a meeting hall.
Since teachers usually receive very meager salaries, many of them find alternate ways of making a living. Some engage in businesses or agriculture, and others have organized extra classes for the pupils (though this is a practice the government is trying to abolish). Teachers are seeking a loan in order to embark on meaningful projects and then, out of their salaries, they will gradually repay the loan.
Alusine H. S. (second row third from right) is the principal of this school. He is fifty-eight years old. He was born in Waterloo, twenty miles from Freetown, and is married with eleven children who attend the Junior Secondary School. He has been a principal of this school for over fifteen years. Alusine will use this loan to buy house building materials like cement, corrugated iron, zincs and steel windows. He told me that this will create a very big impact in his life.
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