A loan of $3,675 helped a member to buy exercise books, school uniforms, pencils, pens, and other items to sell.

Momodu's Group's story

Salone Microfinance Trust (SMT), a partner of Kiva in Makeni, northern Sierra Leone, is very pleased to present to you the teachers of the Kulafai Rashideen Primary School in Makeni. Teachers from this institution, like their many counterparts in SMT’s operational areas, come to SMT/Kiva lenders to seek loans. These loans have proven to be very helpful to salaried workers because they empower recipients to buy or invest in things that their salaries cannot cover. For example, with the help of loans, recipients are able to buy a plot of land, start building a house, buy house-building materials and furniture, or pay school fees for their children. At the end of each month, the group finance officer repays SMT/Kiva on their behalf.

Momodu is the leader of this group of teachers. He is 49 years old and was born in the town of Port Loko. Momodu is married and has 11 children, eight of whom are attending primary and secondary schools. Mododu has served in the teaching profession for 26 years and has joined with his colleagues to request a loan to start a small business. He will use his loan to begin selling school uniforms, exercise books, pencils, pens, and other items. In this way, Momodu will be able to earn additional income to complement his monthly salary.

In this group: Momodu , Alimamy B., Hawanatu , Mohamed L., Alie M. , Agnes M., Marie, Abdul K. , Sylvester K., John Paul

Loan details

Lenders and lending teams

Loan details