R.c Teko (Upper) Group
Ibrahim K. (first row right) is the head master of RC Teko (Upper). He has been a teacher for over nineteen years now. Ibrahim was born in Makeni, northern Sierra Leone. He is age forty-nine, married to a businesswoman and they have five children. One of their child is in nursery, the other is in class II, the other is in Junior Secondary School I (JSS I) and the eldest is in Senior Secondary School I (SSS I). Mr. Kargbo will use his loan to buy house building materials like cements and corrugated iron zincs. This will enable him start building a house and with the help of subsequent loans, he is optimistic that he will be able to complete building a house for himself and children.
RC Teko School was established by the Roman Catholics in 1977 with the aim of educating the children of military personnel at the Makeni Military barracks, Teko, and to spread the Roman Catholic faith. RC Teko is divided into a Lower and Upper primary schools respectively. The Lower is made up of classes I – III and the Upper is made of classes IV – V. RC Teko (Upper) has a total of sixteen staff and 435 pupils.
Amongst the many constrains that this school suffers are the lack of sufficient class-rooms and seating accommodations for the pupils. However, they do make good grades at the National Primary School Examination (NPSE). They also organize sports for the pupils, and last academic year, they emerged victorious at the Inter Catholics Primary Schools Sports.
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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