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Update on Nancy

This is 47-year-old Nancy. She is married and has three children ages 25, 19 and 16. All of them are in school. She has one additional dependent, who lives with her for proper care. In 1998, Nancy established her cosmetics, suitcase, Coleman clothing and textiles business. She began her business just to enable her to provide some of her basic needs and as a source of income. Working seven days a week and nine hours a day, she earns about Le 650,000 every month from this business. She would like a loan in the amount of Le 5,000,000. Nancy has already received and successfully repaid two loans, and she now requires a new loan in order to buy perfume, shampoo, jeans, trousers and mobile phones. She hopes that this loan will enable her to increase her monthly profits by approximately Le 350,000. In the future, Nancy plans to start running to Dubai for business and to give her children quality education. She thanks you for your support.

Previous Loan Details

This is 45-year-old Nancy. She is married and has three children, aged 23, 18 and 14. In 1998, Nancy established her cosmetics, suitcase, Coleman and DVD laptop business. She began her business because wanted to enhance her independence and be able to provide a livelihood for her family. Working... More from Nancy's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Sierra Leone

  • $2,100
    Average annual income
  • 29
    View loans »
    Sierra Leone Loans Fundraising
  • $9,391,500
    Funds lent in using Kiva
  • 4,300.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Nancy to buy cosmetics, suitcases and DVDs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 17, 2012
Nov 4, 2012
Currency Exchange Loss:
Apr 17, 2013
This photo was used before for a previous loan for Nancy. It was first posted on Kiva on Oct, 2011. Learn More