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Aug 19, 2016 4:48 EST

Sierra Leone – Wcsl Primary School Robat Group: A loan of $5,475 helps a member to pay for furniture and building materials.

iCrowdNewswire - Aug 19, 2016

Wcsl Primary School Robat Group

Sierra Leone
 
Makeni, Sierra Leone / Education provider
 
Borrower image
 

Wcsl Primary School Robat Group’s story

Salone Microfinance Trust (SMT) is very pleased to present to you this group of school teachers from the northern city of Makeni. They have come to SMT to apply for a loan in order to meet their most immediate and most pressing financial needs.

Some will use this loan to purchase furniture and building materials to finish their on-going housing projects while others will pay school fees for their children. Others will buy plots of land, some will invest in business, etc.

At the end of each month, they can easily repay the loan using their monthly salaries. Their bursar, who is directly responsible for doing the deductions from their salaries, repays SMT/Kiva lenders on their behalf. Bai, 58 years old, is the featured leader of this group of school teachers. Born in Rothongbai, he is married and has eight children who are attending schools. Bai has been in the teaching profession for 37 years. He has applied for this loan in order to pay school fees for his children.

In this group: Bai Z., Saffie, James R., Lamrana M., Haja L., Daniel, Kemoh, Mohamed A., Mohamed O., Issa M.
*not pictured 

This loan is special because:

It helps entrepreneurs in rural areas of Sierra Leone negatively impacted by Ebola. 

Newton Nthiga
Kiva staff 

More about this loan 

About Salone Microfinance Trust (SMT), a partner of ChildFund International:

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.

A loan of $5,475 helps a member to pay for furniture and building materials.

Contact Information:

Wcsl Primary School Robat Group

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