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Update on Memuna

This is 43 year-old Memuna. She is married and has 3 children aged 18, 15, and 11. In 2007, she established her timber business to enhance her independence, and it is now one of her sources of income. Her customers are both men and women. Working 7 days a week and 10 hours a day, she earns about SLL 750,000 every month from this business. She would like a loan in the amount of SLL 4,000,000. Memuna has already received and successfully repaid 3 loans, and now requires a new loan in order to buy more timber. She hopes that this loan will enable her to buy even more stock. In the future, she plans to own a timber processing business, to educate her children and to own a house. She appreciates the support she is receiving from kiva.

Previous Loan Details

This is 42-year-old Memuna. She is married and has three children aged 17, 14 and 10. In 2007, Memuna established her timber business. She began her business through an apprenticeship and as a means to enhance her independence. Working seven days a week and 10 hours a day, she earns about 930,00... More from Memuna'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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,075
    Funds lent in using Kiva
  • 4,318.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Memuna to buy more timber.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 7, 2012
Nov 18, 2012
Currency Exchange Loss:
May 17, 2013
This photo was used before for a previous loan for Memuna. It was first posted on Kiva on Jun, 2012. Learn More