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Update on Sullay

Sullay, 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 Details

Sullay, 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 »

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
  • 29
    View loans »
    Sierra Leone Loans Fundraising
  • $9,391,500
    Funds lent in using Kiva
  • 4,339.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Sullay to pay for spare motor parts for his business, including lift pumps, oil filters, universal joints, and brake kits.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Jan 21, 2013
Currency Exchange Loss:
Sep 17, 2013
This photo was used before for a previous loan for Sullay. It was first posted on Kiva on Jul, 2011. Learn More