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Augustine C.'s Group
In this Group: Augustine C.*, Daniel , Santigie B., Alie G., Sabatu , David
* not pictured
Pictured here are teachers from one of the primary schools in Binkolo village, near Makeni city in northern Sierra Leone. This group of teachers has come to SMT, a partner of, to apply for a loan of 8,800,000 SLL (Sierra Leone leones) in order to meet their immediate financial challenges. At the end of each month, they can repay the loan using their salaries. It is their school’s bursar who is directly responsible for doing the deductions and making the repayments on their behalf.

Augustine is the leader of this group. The 56-year-old is married to a farmer, and the couple has seven children – three in primary school, three in secondary and one in college. A native of Binkolo village, Augustine is a head teacher at the school and has served in this profession for 33 years now. Augustine has requested this loan in order to pay school/college 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
  • 39
    View loans »
    Sierra Leone Loans Fundraising
  • $10,094,200
    Funds lent in using Kiva
  • 4,339.9
    Sierra Leone Leones (SLL) = $1 USD