Check out some available loans that are similar to this one!
Paul M.'s Group
In this Group: Paul M. , Arefan B., Alpha M., Manso , Julius Sulaila, Sinneh , Pino M., Daniel
Pictured here are teachers of a secondary school in Makeni, a city in northern Sierra Leone. This group of teachers have come to SMT, a partner of to apply for a loan. These loans help these teachers and their counterparts within Makeni and other SMT’s operational areas to solve certain financial challenges that their salaries alone cannot solve. At the end of each month, they repay SMT/Kiva lenders using their monthly salaries. Their bursar is directly responsible for doing the deductions and making the repayments on their behalf.

The leader of this group is Paul. Paul is a native of Binkolo village, near Makeni. The forty-five year old is married to a housewife and the couple has three children, two of whom are attending primary and secondary schools. Paul has been a teacher for nineteen years now. He has requested this loan in order to pay his college 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
  • 46
    View loans »
    Sierra Leone Loans Fundraising
  • $10,068,550
    Funds lent in using Kiva
  • 4,325.0
    Sierra Leone Leones (SLL) = $1 USD