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Eddie

Update on Eddie

This is 46 year old Eddie. He is married and has four children aged seven, fifteen, eighteen and twenty-one, all of whom are attending school. He has two additional dependents, who live with him to help with the household chores. In 1995, Eddie established a business selling school bags, umbrellas and clothes. He began his business in order to be self-reliant. It is located in city center and his main customers are adults of both sexes. Working 7 days a week and 12 hours a day, he earns about SLL 1,633,000 every month.

Eddie has already received and successfully repaid four loans, and now requires a new loan of SLL 5,000,000 in order to increase his stock of T-shirts, jeans, shoes, and socks. He hopes that this loan can help him improve his business and add to his profits. In the future, Eddie plans to construct a house on a piece of land nearby. He thanks you for your support.

Previous Loan Details

This is 46-year-old Eddie. He is married and has four children aged 21, 18, 15 and 7 years. He has two additional dependents, who live with him to help with the household chores. In 1995, Eddie established his bags, umbrellas and T-shirts business. The business started out of the need to be sel... More from Eddie'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
  • 35
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,200
    Funds lent in using Kiva
  • 4,331.4
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Eddie to increase his stock of clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013