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Abdul R.'s Group
In this Group: Abdul R., Idrissa , Ibrahim K., Sulaiman , Ismeal , Musa
Pictured above are primary school teachers from one of the schools in Waterloo, a small town near Sierra Leone’s capital city, Freetown. This group of teachers, like their colleagues in SMT's other operational areas, has come to SMT for "salary loans." With the help of these loans, they are empowered to meet certain financial challenges that their salaries, alone, do not let them meet. With the help of a loan they can meet their immediate financial needs, and at the end of each month they can repay the loan, using their monthly salaries.

Abdul is the leader of this group of teachers. The 45-year-old is a native of Manolo Koya village. He is married to a businesswoman and the couple has four children. Abdul has been a professional teacher for many years. He has requested this loan in order to pay school fees for his children.

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
  • 45
    View loans »
    Sierra Leone Loans Fundraising
  • $10,082,750
    Funds lent in using Kiva
  • 4,325.0
    Sierra Leone Leones (SLL) = $1 USD