This is 25-year-old Alfred. He is married and has one child, age 2. In 2004, Alfred established his used cap business. He began his business because he dropped out of school and was convinced that business can be a source of income to support his family. Working 7 days a week and 12 hours a day, he earns about 1,200,000 leones (SLL) every month from this business.
Alfred would like a loan in the amount of 5,000,000 SLL. Alfred has already received and successfully repaid two loans and now requires a new loan in order to buy additional used caps for his business. He hopes that this loan will enable him to increase his monthly profits by approximately 230,000 SLL. In the future, Alfred plans to finish building his house. He used the proceeds of his previous loan to buy a motor bike.
Alfred 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.