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Margerette I.'s Group
In this Group: Margerette I., Memunatu , Edward F., Isaac , Abraham M. , John B.
Pictured above are primary school teachers in Magburaka, a town in northern Sierra Leone. This group of teachers has come to SMT, a partner of, to apply for a loan. With the help of this loan, these teachers will buy goods, invest in businesses or pay the school fees for their children. At the end of each month, they will repay the loan, using their monthly salaries. Their school’s bursar is directly responsible for doing the deductions and making the repayments on their behalf.

Margerette is the leader of this group of teachers. The 49-year-old is a native of Magburaka. She is married to a trader and the couple has two children, one of whom attends secondary school. Margerette has been a professional teacher for 29 years now. She has requested this loan in order to buy building materials such as iron and corrugated zinc for the construction of a house for her family.

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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,075
    Funds lent in using Kiva
  • 4,325.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A portion of Margerette I.'s Group's $2,100 loan helped a member to buy building materials such as iron and corrugated zinc for the construction of a house for her family.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Feb 10, 2012
Feb 24, 2012
Currency Exchange Loss:
Jan 15, 2013