In 2006, Salamatu established her palm oil business to help her husband provide a livelihood for their dependents. Working seven days a week and twelve hours a day, she earns about 700,000 SLL every month.
As the high cost of palm oil is greatly reducing her profit margins, Salamatu would like a loan of 3,500,000 SLL in order to buy 35 five-gallon containers of palm oil at 100,000 SLL each. She hopes that this loan will enable her to increase her monthly profits by approximately 300,000 SLL.
In the future, Salamatu plans to build a bigger store where she could store larger quantities of palm oil. She thanks you for your support.
About the Association or Rural DevelopmentThe 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
26View loans »
Success!! The loan was 100% repaid