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Bai Z.'s Group
In this Group: Bai Z., Daniel , Issa Mallah, Mohamed Osman, Safie Josephine, Hassan , Kemoh
Pictured above are teachers from one of the primary schools in Makeni city, in northern Sierra Leone. This group of teachers have come to SMT, a partner of Kiva.org to apply for a loan of 10,000,000.00 Sierra Leonean Leones (SLL) for the entire group in order to meet their immediate financial challenges. And at the end of each month, they can easily repay the loan using their monthly salaries. It is their school’s bursar who is directly responsible for doing the deductions and making the repayments on their behalf.

Bai is the featured leader of this group. The 54 year old is a native of Rothongbai village in northern Sierra Leone. He is married to a trader and the couple has 8 children – 3 in primary school, 4 in secondary and 1 in college. Bai has been a teacher for 32 years now. He has requested this loan in order to pay college fees for his child.

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
  • 40
    View loans »
    Sierra Leone Loans Fundraising
  • $9,980,225
    Funds lent in using Kiva
  • 4,319.1
    Sierra Leone Leones (SLL) = $1 USD