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Samuel E.o's Group
In this Group: Samuel E.o, Alice T. , Moses F.s.
This is Samuel, Alice, and Moses, workers at the Department of Youth and Sport in Makeni. Because government salaries are usually very small and do not allow workers to do something big, they are seeking a loan from SMT/Kiva lenders to allow them invest in something meaningful. Some will invest their loans in business and others will invest in the education of their children. And at the end of each month, they will repay their Kiva loan, using their monthly salaries.

Samuel is the leader of this group of borrowers. He is fifty-three years of age. He was born in Freetown, the capital city of Sierra Leone. Samuel is married with three children who are attending secondary schools. His wife is also a monthly wage earner, working for FAWE (Forum for African Women Education) in Freetown. Samuel has worked for the Ministry for twenty-six years now. He has requested this loan in order to pay his children’s school fees.

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
  • 35
    View loans »
    Sierra Leone Loans Fundraising
  • $9,980,225
    Funds lent in using Kiva
  • 4,385.0
    Sierra Leone Leones (SLL) = $1 USD