This is 43 year-old Ibrahim. He is married to a trader, and has 3 children aged 16, 13 and 11 years. He has 1 additional dependent, who lives with him.
In 2001, Ibrahim established his tailoring items business - selling materials, thread, needles, designing threads. He began his business after he completed his high school. Unfortunately, his father, who was taking care of his schooling, died and his mother, who was sick died too, so there was nobody to take responsibility for him. He decided to assist other people in their business until he raised enough capital to start his own business.
Working 7 days a week and 10 hours a day, he earns about Le 2,900,000 every month from this business. He is assisted by his wife and treats his customers fairly. His customers are people around the city center and tailoring shops. Mr. Ibrahim offers quality goods to satisfy their needs. He uses public transport to buy goods in Conakry and Freetown twice a month. He would like a loan for Le 5,000,000. Ibrahim has already received and successfully repaid 3 loans, and now requires a new loan in order to purchase popline 1 bale @ Le2,500,000, lace cord 300 pieces @ Le6,000 and stickers 10 rolls @ Le70,000. He hopes that this loan will enable him to increase his monthly profits by approximately Le 885,000.
He uses his profit to invest in his business as he wants his children to have a very good education. Instability of foreign exchange rate is his major challenge. He anticipates using his profit to buy more goods and is planning to open another shop. He knows he will be able to accomplish this goal. 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.