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This is 31 year-old Saidu. He is married and his spouse is a student, and has one child aged 4 years old. In 2009, Saidu established his mobile phone accessories, top-up cards, DVD cassettes business. He began his business because he dropped out of school due to poor living standard of his family. His parents usually paid his fees late and he was frequently embarrassed and beaten for school fees. He later left school and became a vehicle apprentice. He spent some years there and decided to go into business.

Working 7 days a week and 19 hours a day, he earns about SLL 2,448,000 every month from this business, he would like a loan in the amount of Le 4,500,000. Saidu has already received and successfully repaid 3 loans, and now requires a new loan in order to buy phone accessories (20 @ SLL 120,000), DVDs (1 carton @ SLL 600,000), phone batteries (200 pcs @ SLL 7,000); the remaining amount is for transport.

He hopes that this loan will enable him to increase his monthly profits by approximately SLL 411,000. In the future, Saidu plans to build a house, improve on his farm and educate his child to university level. His feels happy about taking this loan that will help to improve his business and earn more income. His major problem is sometimes the generator breaks down. There is no competition. He is the only one selling these items is that area. He serves 50 customers each day. His business is popular because he knows how to encourage customers. He has only family assistance. His suppliers are located in Conakry. He transports his items by public vehicle and he buys twice in a month. He uses his profit from the business to buy more stock. He is planning to expand and this can be achieved by managing his capital appropriately. He is assisted by his distant cousin. He saves some profit and use the balance to his existing capital. 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

  • $2,100
    Average annual income
  • 29
    View loans »
    Sierra Leone Loans Fundraising
  • $9,391,500
    Funds lent in using Kiva
  • 4,300.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Saidu to buy phone accessories, DVDs and phone batteries.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 15, 2011
Dec 21, 2011
Currency Exchange Loss:
Jul 16, 2012