Mohamed, age 37, established his liquor sales business in 2006. He began his endeavor because he had to drop out of school after the death of his father, who had been responsible for his school fees. Mohamed had to take to business to support his mother and his other brothers and sisters. Working six days a week and 10 hours a day, he earns about Le 1,200,000 every month from this business.
Mohamed and his wife have three children, ages six, 10, and 12. He has two additional dependents who live with him because he decided to support them while they attend school.
Mohamed would like to request a loan in the amount of Le 5,000,000. He has already received and successfully repaid three loans, and now requires a new loan in order to buy ten cartons of bumba gin (Le 150,000), 20 cartons of chocolate pega (Le 168,000), and 15 cartons of bitter cola pega (Le 168,000). He expects that this loan will enable him to increase his monthly profits by approximately Le 200,000.
In the future, Mohamed plans to open another shop and hire a salesperson to help him sell his wares at the new shop. He thanks you for your support.
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.