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Hawa O.

Update on Hawa O.

This is 60-year-old Hawa O. She is married with eight adult children. In 1980, Hawa O. established her food stall. She started it because she did not go to school, and her parents were traders who trained her in their business. Working seven days a week and 10 hours a day, she earns about Le 1,200,000 every month from this business.

She would like a loan in the amount of Le 4,500,000 in order to purchase cake flour - 5 bags @ Le150,000, sugar - 4 bags @ Le250,000, vegetable oil - 5 rubbers @ Le150,000, eggs - 5 cartons @ Le320,000, couscous (wheat) - 2 cartons @ Le200,000. In the future, Hawa O. plans to expand her business and save enough money for her retirement. The rainy season is a major problem. She is hardworking and needs enough capital to buy more stock in order to yield profit. She thanks you for your support.

Previous Loan Details

This is 59-year-old Hawa O. She is married with eight adult children. In 1980, Hawa O. established her food stall. She started it because she did not go to school, and her parents were traders who trained her in their business. Working seven days a week and 10 hours a day, she earns about Le 1,00... More from Hawa O.'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

  • $903
    Average annual income
  • 15
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,550
    Funds lent in using Kiva
  • 4,349.8
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Hawa O. to buy eggs, Maggie, and tomato ketchup for her food stall.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Hawa O.. It was first posted on Kiva on Mar, 2012. Learn More