A loan of $3,025 helped a member pay college fees for children.


Fawe Secondary School, Waterloo Group's story

These folks are teachers at the Forum for African Woman Educationalists (FAWE). This is a Junior Secondary School with classes I – III. It was built for girls in September of 2005 by FAWE, a local NGO, for the promotion of the girls' education. The school has a total number of 296 pupils and with a staff of nine teachers and two security guards.



Last academic year, the school sent thirty-three candidates for the Basic Education Certificate Examination (NPSE) and twenty-six candidates passed with flying colors. This was a very good result by national standards. FAWE, a donor-supported school, is the only school in Waterloo small-town that teaches basic computer skills to its pupils. However, to assist other schools, FAWE allows pupils from other schools to take computer lessons in their school.



Teachers and other professional workers come to SMT to seek loans for different reasons. For some, since salaries are usually very small, they are prompted to engage themselves in businesses to supplement their meager salaries. Others, however, can not directly do business themselves; rather, they will invest whatever little they have into their wives’ businesses. Some seek a loan in order to pursue further studies or to pay school fees for their children. And others want a loan in order to buy pieces of furniture like chairs or a bed. Some want to either start building a house or continue with a house-building project they have already begun. It is for some of these reasons that teachers from FAWE have come to SMT to seek a loan.



Aminata Victoria L. (first row, second from right) is the acting principal of the school. She has been in the teaching profession for thirty-three years. She was born in Songo, about eight miles from Waterloo. She is fifty-five, a widow with five children. Two of her children are grown-ups, one is in his second year in Fourah Bay College, University of Sierra Leone, the next is in Port Loko Teacher’s Training College and the last is in secondary school. With this loan, Mrs. L. will pay for her two children in college. This will make her a happy woman as she was having sleepless nights wondering where to get the money to pay her children's fees.



Note: SMT has just opened a new branch in Waterloo and teachers of FAWE are the first individuals to collect a loan from this branch. Waterloo is twenty miles (32 km) from Freetown.

In this group: Aminata Victoria, Momodu G., Rebecca , Foday , Morray, Denka , Sidikie , Abdulrahman, Lucy , James S.*
*not pictured



Loan details


Lenders and lending teams



Loan details