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Francis' Group
In this Group: Francis , Abdul Rahman , Mohamed Chernor , Michael
Salone Microfinance Trust (SMT), a partner of based in Makeni, is very pleased to present to you this group of teachers from Koidu, a city in eastern Sierra Leone. They have come to SMT/Kiva lenders to seek a loan of SLL 7,000,000 to meet their immediate financial challenges. At the end of each month, they will repay the loan using their monthly salaries.

Mohamed, pictured at right, is the leader of this group of teachers. Mohamed was born in the village of Segbwema, in eastern Sierra Leone. He is 55 years old and married to a trader. Mohamed has eight children, six of whom are attending secondary schools. Mohamed has been a teacher for 36 years now.

He has requested this loan in order to buy house building materials like paint, iron corrugated zinc, boards, etc., for the completion of the dwelling house he has begun building.

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
  • 13
    View loans »
    Sierra Leone Loans Fundraising
  • $9,574,925
    Funds lent in using Kiva
  • 4,348.4
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Francis' Group's $1,625 loan helped a member to buy building materials like paint, iron corrugated zincs, boards, etc., to complete his house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Aug 23, 2012
Sep 26, 2012
Currency Exchange Loss:
Jul 17, 2013