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Mohamed
This is 56-year-old Mohamed. He is married and has six children aged 18, 20, 25, 29, 32 and 35 years. One is in college. In 1989, Mohamed established his footwear business selling such items as sandals and plastic slippers. He began his business because his father did not send him to school, as he believed that business is the best way for a man to sustain his family. He learned a lot from his late father who helped him set up his own business. Working seven days a week and ten hours a day, he earns about Le 983,000 every month from this business.

Mohamed would like a loan in the amount of Le 5,000,000. He has already received and successfully repaid five loans. He now requires a new loan in order to buy more stock. He will use the loan to purchase ladies' slippers (thirty packets at Le 100,000); sandals for men (ten packets at Le 110,000); sandals for children (six packets at Le 120,000) and foam slippers (two packets at Le 90,000).

In the future, Mohamed plans to develop and train his children to the level that they can be able to take over when he retires. He is an honest and reliable business man. ARD has helped him develop a sustainable business, thus he is very grateful to this credit service. 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
  • 54
    View loans »
    Sierra Leone Loans Fundraising
  • $9,327,250
    Funds lent in using Kiva
  • 4,354.3
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Mohamed to purchase ladies' slippers (thirty packets at Le 100,000); sandals for men (ten packets at Le 110,000); sandals for children (six packets at Le 120,000) and foam slippers (two packets at Le 90,000).
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 12, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013