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Mohamed
This is 48-year-old Mohamed. He is married and has one child. In 1998, Mohamed established his provisions and drinks business. He began his business because he came from Guinea to live with his uncle to assist him in his business, so after some years, his uncle helped him to stand on his own by establishing his own business. Working 7 days a week and 12 hours a day, he earns about Le 1,500,000 every month from this business. He would like a loan in the amount of Le 5,000,000.

Mohamed has already received and successfully repaid one loan and now requires a new loan in order to buy one deep freezer @ Le 4,500,000 and the balance Le 500,000 will be used to buy soft drinks. He hopes that this loan will enable him to increase his monthly profits by approximately Le 900,000. In the future, Mohamed is planning to open another shop at the heart of the city so that he can transfer there and leave his younger brother at the original shop. 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
  • 26
    View loans »
    Sierra Leone Loans Fundraising
  • $9,095,750
    Funds lent in using Kiva
  • 4,317.0
    Sierra Leone Leones (SLL) = $1 USD
Expired
A loan of $1,175 helped Mohamed to buy one deep freezer @ Le 4,500,000; the balance of Le 500,000 will be used to buy soft drinks.
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2012
Listed
Jul 12, 2012
Currency Exchange Loss:
Possible
Expired:
Aug 11, 2012