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Momodu
This is Momodu, who is 50 years old, married and the father of two grown children. He has one additional dependent, who lives with him and works as a sales assistant. In 2007, Momodu established a spare parts business as a way to earn money to care for his family. He works seven days a week, nine hours a day, and earns about Le 1,000,000 every month. He is requesting a loan for Le 5,000,000 to buy spare parts to sell to his customers. In the future, Momodu plans to erect a house and open another shop. He thanks Kiva lenders for their 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
  • 15
    View loans »
    Sierra Leone Loans Fundraising
  • $8,963,475
    Funds lent in using Kiva
  • 4,350.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Momodu to buy more spare parts to sell to his customers.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Aug 22, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013