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Joseph Abu's Group
In this Group: Joseph Abu , Emmanuel A., Moses , James , Joseph , Margaret M. , A.m. Sahr , Abubakarr , Mark Momoh
Salone Microfinance Trust (SMT), a partner of based in Makeni, northern Sierra Leone is very pleased to introduce to you this group of teachers, from the eastern city of Koidu/Kono. They have requested for a loan 10,900,000.00 SLL from SMT/Kiva lenders in order to solve their immediate financial needs. At the end of each month, they will repay the loan, using their monthly salaries. Their school’s bursar is directly responsible for deducting the repayment and repays SMT/Kiva lender on their behalf.

Joseph is the leader of this group of teachers. Born in a place call Gbalahun, in eastern Sierra Leone, 61 year old Joseph has been in the teaching profession for 43 years. He is married and has 10 children – 2 in primary school, 3 in secondary school and 5 grown-ups. Joseph has applied for this loan in order to buy house building materials and to invest the rest in agriculture.

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 Sierra Leone

  • $2,100
    Average annual income
  • 45
    View loans »
    Sierra Leone Loans Fundraising
  • $10,068,550
    Funds lent in using Kiva
  • 4,421.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Joseph Abu's Group's $2,475 loan helped a member to buy house building materials and invest the rest in agriculture.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Oct 13, 2011
Oct 27, 2011
Currency Exchange Loss:
Nov 17, 2012