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David S.'s Group
In this Group: David S., Samuel , James , Daniel K.
This are a group of teachers from Magburaka, a town in northern Sierra Leone. They have come to SMT/Kiva lender to seek for a loan of 3,000,000 SLL (US$700) in order to meet their immediate financial challenges. Gradually, they will repay the loan, using their monthly salaries.

Pictured in the right is David, the leader of this group. The fifty-eight year old is a native of Mamunta village in Northern Sierra Leone. He is married to a nurse and the couple has seven children, two are in primary school, one is in secondary school and the other is in college. David has served in the teaching profession for thirty-six years now. He is going to use this loan in order to pay college fees for his child.

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
  • 47
    View loans »
    Sierra Leone Loans Fundraising
  • $10,094,200
    Funds lent in using Kiva
  • 4,300.0
    Sierra Leone Leones (SLL) = $1 USD