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Mohamed Malai
This is 63-year-old Mohamed, a married father of seven children aged 5, 7, 9, 14, 16, 21 and 25 years. In 1965, Mohamed established his timber business as a permanent source of income to support his family. Working 6 days a week and 10 hours a day, he earns about Le 800,000 every month.



Having already received and repaid one loan, Mohamed is requesting a new one for Le 4,500,000 to buy more timber for his business. He hopes that this loan will enable him to increase his monthly profits by approximately Le 200,000, and in the future plans to become a supplier to contractors, buy a power saw to produce timber, and build a store for sales. He thanks you for your support.

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
  • 24
    View loans »
    Sierra Leone Loans Fundraising
  • $9,076,200
    Funds lent in using Kiva
  • 4,350.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Mohamed Malai to pay for 300 pieces of timber.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2011
Listed
May 25, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011