Check out some available loans that are similar to this one!
Stephen G.'s Group
In this Group: Stephen G., Mohamed R., Mohamed Z., Alimamy J., Chernoh Brima, Santigie, Marie, Mohamed A.
Salone Microfinance Trust (SMT), a partner of in Makeni, Northern Sierra Leone, is pleased to present to you the teachers of a primary school in the small town of Lunsar about 65 miles away from Makeni city. These hardworking and dedicated teachers have come to SMT for the first time seeking a loan of 7,660,000 leones. With the help of this loan, these teachers will embark on some meaningful projects that their mere salaries alone cannot support. Some of them will use their loan to buy pieces of furniture; others, to buy house building materials or a piece of land. Some will pay school fees for their children, while some of them will invest the loan in businesses.

Stephen G. K. is the headmaster at the school and leader of this group. He is age 55. He was born in a place called Mange Acra, in Northern Sierra Leone. He is married with 14 children, 11 of whom are still in school. Stephen has been a teacher for 30 years now. Stephen will use his share of the loan to buy house building materials like iron corrugated zincs, iron rods, roofing nails, etc.

(Inserted in the photo is a borrower who was not able to be present for the group photo).

Additional Information

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Sierra Leone

  • $2,100
    Average annual income
  • 44
    View loans »
    Sierra Leone Loans Fundraising
  • $10,094,225
    Funds lent in using Kiva
  • 3,925.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Stephen G.'s Group's $1,975 loan helped a member to buy house building materials like iron corrugated zincs, iron rods, roofing nails, etc.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jun 15, 2010
Jun 18, 2010
Currency Exchange Loss:
Jun 15, 2011