Total loan: $3,350
Alex A.'s Group
Kalangba Village, Northern Province, Sierra Leone / Education
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A loan helped to pay school and college fees for his children.
Alex A.'s Group's story
These are teachers of a primary school in Kalangba, a village in northern Sierra Leone. These teachers have applied for a loan of 14,500,000 Sierra Leonean Leones (SLL) from SMT/Kiva lenders. This will be the first loan this group of teachers will be accessing from Kiva lenders. School staff from this institution, like many other school staff within SMT’s operational areas, comes to SMT to apply for loans. With the help of these loans, they can accomplish certain tasks that they would otherwise not have been 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. Alex is a head teacher at the school and leader of this group. He is 40 years old and married to a teacher, and the couple has three children who are attending secondary and tertiary institutions. Alex has been a teacher for 10 years. He will use his share of this loan to pay school and college fees for his children.