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Memunatu
Memunatu is a 50-year-old businesswoman. She is married to an Arabic teacher, who is also actively participating in the business, and she has one child. She sells foodstuffs at the central main market in Makeni. Memunatu began her business when one of her relatives offered her business capital of 300,000 leones. She started her business on a small scale at her residence. As the business grew, she moved to the central main market where she sells now. Memunatu has been in this business for more than ten years. She understands the environment around her business very well, her business skills are good, and she has been making process in this business.

Memunatu has been receiving loans from ARD for quite some time now. She has a very good credit rating and is determined to continue repaying her loans on time.

Memunatu needs a loan to pay rent for her store and to buy more stock. She plans to use the proceeds from this loan to educate her child to university and support her pilgrimage to Mecca.

Additional Information

About the Association or Rural Development

The Association for Rural Development (ARD) is one of the leading microfinance institutions in Sierra Leone. Established in 1989, ARD has offered individual and group loans to support small-scale businesses across the country for two decades. You can learn more about ARD on its partner profile page, support the organization and its staff by joining the ARD lending team, or lend to another one of its borrowers currently raising funds on Kiva.

About Sierra Leone

  • $903
    Average annual income
  • 40
    View loans »
    Sierra Leone Loans Fundraising
  • $9,194,175
    Funds lent in using Kiva
  • 3,925.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Memunatu to buy additional food stock and pay the rent for her store.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 16, 2010
Listed
Jul 3, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011