Update on InaThis is thirty-two-year-old Ina. She is married, and has two children ages eleven and four. She has two additional dependents that live with her and go to school.
In 2000, Ina established her drinks and provision business. She began the business following her husband's retirement six years ago because it was not easy to maintain their home. She worked assisting friends until she gathered enough capital to open her own business. Working 7 days a week and 10 hours a day, she earns about SLL 1,500,000 every month from this business.
She would like a loan of SLL4, 000,000 in order to buy 100 crates of soft drinks. She will use the remainder of the loan to transport the drinks to the shop.
She hopes that this loan will enable her to increase her monthly profits by approximately SLL 1,000,000. In the future, Ina plans to become one of the strongest distributors of soft drinks by the grace of God and with the support of KIVA through ARD. She thanks you for your support.
Previous Loan DetailsThis is thirty-one-year-old Ina. She is married, and has two children aged ten and three. She has two additional dependents that live with her for schooling. In 2000, Ina established her drinks and provision business. She began in business following her husband's retirement six years ago… More from Ina'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
- 12 months (Additional Information)
- Repayment Schedule
- Jan 18, 2013
- Jan 19, 2013
- Currency Exchange Loss:
- Dec 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.