Check out some available loans that are similar to this one!
Agnes B.'s Group
In this Group: Agnes B., Amara M., Emmanuel S., Nallah S., Sahid G., James O.
Salone Microfinance Trust (SMT) is very pleased to present to you this group of teachers based in Waterloo, a town about 26 miles from Freetown. This group of teachers has applied for a loan in order to meet their immediate and most pressing financial challenges. At the end of each month, they can repay the loan using their monthly salaries.

Agnes is the featured leader of these borrowers. She is a native of Njala, southern Sierra Leone. The 41-year-old woman is married to a teacher and the couple has two children. Agnes has been a school teacher for many years now. Agnes is currently pursuing further studies in college. She has requested for this loan in order to pay her college fees.

(Also attached to the right of the photo is Amara, a borrower who was not present for a group photo.)

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
  • 47
    View loans »
    Sierra Leone Loans Fundraising
  • $9,977,925
    Funds lent in using Kiva
  • 4,323.0
    Sierra Leone Leones (SLL) = $1 USD