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Mamudu E.'s Group
In this Group: Mamudu E., Jusu Koker , Sahr B. , Emmanuel A., Sayoh , Mohamed Fayia , Sheku , Jatson A., Sahr T.e. , Mustapha , Komba B. , Sorie A., Bangalie , Aiah Emmanuel, John M. , Jean
Salone Microfinance Trust (SMT) is very pleased to present to you this group of teachers from the eastern city of Koidu/Kono. This group of teachers is among the first group of applicants to have received a loan from SMT/Kiva lenders in the city. Like their counterparts in other regions of the country, they have applied for a loan of 21,800,000 SLL in order to meet their immediate financial needs. At the end of each month, through their school’s bursar, they will repay the loan using their monthly salaries.

The leader of this group is Mamudu. The 50-year-old was born in Kono. He is married and has seven children – four in primary school and three in secondary school. Having served in the teaching profession for 27 years now, Mamudu is requesting a loan of 1,900,000 SLL in order to renovate his house by buying house-building materials like bags of cement and paying workers, etc.

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
  • 46
    View loans »
    Sierra Leone Loans Fundraising
  • $10,094,200
    Funds lent in using Kiva
  • 4,427.0
    Sierra Leone Leones (SLL) = $1 USD