Update on AbdulaiThis is 34-year-old Adbulai. He is married and has three children aged 3, 6 and 10. He has one additional dependent who lives with him to help a younger brother with his education.
In 2001, Adbulai established his cow meat business. He started the business to be self-reliant. His business is located in the city center and his main customers are men and women. Working 7 days a week and 12 hours a day, he earns about Le 1,000,000 every month from this business.
He would like a loan of Le 5,000,000. Adbulai has already received and successfully repaid three loans and now requires a new loan to increase his cow meat. He hopes that this loan can increase his stock and maximize the profit. In the future, Adbulai plans to open an outlet on the outskirts of town. He thanks you for your support.
Previous Loan DetailsThis is 34-year-old Abdulai. He is married and has three children, aged 2, 5, and 10. He has one additional dependent who lives with him to help a younger brother with his education. In 2001, Abdulai established his cow meat business. He began his business after coming from the village to stay… More from Abdulai'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
- 10 months (Additional Information)
- Repayment Schedule
- Feb 1, 2013
- Feb 9, 2013
- Currency Exchange Loss:
- Nov 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.