This group of teachers has come to SMT/Kiva lenders to solicit a loan of 11,00,000 Sierra Leonean Leones in order to meet their immediate financial challenges. And at the end of each month, they will repay the loan using their monthly salaries. Their school’s bursar is directly responsible for making the repayment on their behalf.
Isatu is the leader of this group of teachers. The 44-year-old is a native of Yengema. She is married to a nurse, and the couple has nine children attending primary, secondary, and tertiary institutions.
Isatu has been a teacher for many years now. She has requested this loan in order to pay college fees for her children.
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
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Success!! The loan was 100% repaid