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Shola
This is 57-year-old Shola. He is married and has 4 children ages 34, 30, 29, and 26.

In 2001, Shola established his spare parts business. He began his business just to enable him to adequately cater to his family. His business is his only source of survival. Working 7 days a week and 13 hours a day, he earns about 1,600,000 SLL every month from this business. He would like a loan in the amount of 5,000,000 SLL. Shola has already received and successfully repaid a loan and now requires a new loan in order to buy engine oil, oil filter gasket maker, brake pads and batteries. He hopes that this loan will enable him to increase his monthly profits by approximately 350,000 SLL.

In the future, Shola plans to establish a larger spare parts shop, to embark on international business and to own a house. 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

  • $903
    Average annual income
  • 25
    View loans »
    Sierra Leone Loans Fundraising
  • $9,076,200
    Funds lent in using Kiva
  • 4,310.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Shola to buy spare parts.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2012
Listed
Apr 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013