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Foday
Foday, 65, is married and has two children ages 35 and 30. He has one additional dependent who lives with him for schooling. In 1997, Foday established his charcoal, palm oil and garri (fermented cassava) business. He began his business because he was trained as a businessman. Working seven days a week and 12 hours a day, he earns about Le 600,000 every month from this business. He would like a loan in the amount of Le 3,000,000 in order to buy more bags of charcoal, palm oil and garri for resale. In the future, Foday plans to build more stores and educate his children. 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
  • 7
    View loans »
    Sierra Leone Loans Fundraising
  • $8,977,275
    Funds lent in using Kiva
  • 4,347.8
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Foday to buy more bags of charcoal, palm oil and garri from farmers in the province and to sell to customers in the city.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 3, 2012
Listed
Oct 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013