Update on SullaySullay, aged 34, is married and has two children, aged one and four. In 2007, Sullay established his spare motor parts business which includes tires, brake pads, fan belts, batteries, windscreens, inner tubes, motor oil, etc. He began doing business for his mother when he was a small boy. When he became mature, he started his own business.
Sullay has a special interest in business because the income he gets from this business is used to provide his family's livelihood. It is from his business proceeds that he has bought a car and two pieces of land. Working six days a week and 10 hours a day, he earns about SLL 1,200,000 every month from this business.
He would like a loan of SLL 5,000,000. Sullay requires a loan in order to buy lift pumps, oil filters, universal joints, and brake kits. He hopes that this loan will enable him to increase his monthly profits by approximately SLL 350,000.
In the future, Sullay plans to complete his house from the proceeds of the business. By adding to his present capital, he will be able to maximize profits and continue to support his children's education. Increase in the cost of stock is affecting his business and competition is also high, but he offers quality products, so he gains more customers.
Previous Loan DetailsSullay, aged 34, is married, and has two children aged one and four. In 2007, Sullay established his motor spare parts business which includes tyres, brake pads, fan belts, batteries, windscreens, inner tubes, motor oil, etc. He began doing business when he was a small boy for his mother. When he... More from Sullay'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
About Sierra Leone
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Success!! The loan was 100% repaid
- Repayment Term
- 9 months (Additional Information)
- Repayment Schedule
- Jan 18, 2013
- Jan 21, 2013
- Currency Exchange Loss:
- Sep 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.