Update on KadiatuThis is 58-year-old Kadiatu. She is widowed and has four children, aged 16, 22, 26, and 32 years.
In 2002, Kadiatu established her provisions business where she sells soft drinks, Foam Surf (laundry detergent), sachet milk (small containers of milk), rice, sugar, sweets, charcoal, etc. She began her business because her parents were only subsistence farmers and she was introduced to farming. At the age of 17, she got married and her husband introduced her to business.
Working seven days per week and 12 hours per day, Kadiatu earns from this provisions business about SLL 850,000 every month.
She would like a loan in the amount of SLL 4,500,000. Kadiatu has already received and successfully repaid one loan. She now requires a new loan in order to buy pepper (5 bags @ SLL 350,000), palm oil (10 rubbers @ SLL 100,000), charcoal (100 bags @ SLL 7,000), batteries (2 cartons @ SLL 450,000), rice (1 bag @ SLL 130,000).
The balance of SLL 20,000 will be used for transportation. In the future, Kadiatu plans to build another house and acquire another shop within the city center. This loan will help her to earn more income.
Kadiatu is a hard-working businesswoman. She thanks you for your support.
Previous Loan DetailsThis is 57-year-old Kadiatu. She is married and has four children aged 16, 22, 26, and 32 years. In 2002, Kadiatu established her provisions business where she sells soft drinks, Foam Surf (laundry detergent), sachet milk (small containers of milk), rice, sugar, sweets, charcoal, etc. She began… More from Kadiatu's previous loan »
About the Association or Rural DevelopmentThe 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
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Dec 19, 2012
- Jan 1, 2013
- Currency Exchange Loss:
- Jul 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.