Mohamed A.'s Group
Mohamed A.'s Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped Buy rice and palm oil wholesale.
Mohamed A.'s Group's story
This is the first loan this school is requesting from Kiva through SMT. School staff from this institution, like many other schools' staff within SMT’s operational areas, come to SMT to apply for loans. With the help of these loans, they can accomplish certain tasks that they would otherwise have not being able to accomplish with their mere salaries alone. But with the help of this loan, some can pay school fees for their children; others can use the loan to buy pieces of furniture, a plot of land, house-building materials, or invest in business. At the end of each month, these teachers can repay the loan out of their monthly salaries. The institution’s bursar is directly responsible for deducting the repayment and pays SMT on their behalf.
Mohamed A. K. (second from left) is a teacher at the school and head of this group. Mohamed is a 42-year-old, married, with 6 children – 2 in secondary school and 4 in primary school. Mohamed was born in a village called Paki Masaboh about 5 miles away from Makeni city. He has been both a teacher and a businessman. He has taught for 15 years and has been in business for 30 years. He relies on the profit he makes out of his business to complement his monthly salary. Mohamed sells local produce like rice and palm oil (the most popular cooking oil). With his share of the loan, he will travel to villages surrounding Makeni to buy palm oil and rice wholesale to sell in Makeni.
(Attached beneath are snapshots of members of this group who were not available for a group photo.)