Update on IshmaelThis is thirty-four-year-old Ishmael. He is married, and has two children aged four and seven. In 2001, Ishmael established his used clothing business. He started his business with an uncle after dropping out of school and with the aim of being self-reliant. His business is located in the city center and his main customers are ladies and gents. Working 7 days a week and 12 hours a day, he earns about SLL 1,975,000 every month from this business.
He would like a loan of an amount of SLL 3,000,000. Ishmael has already received and successfully repaid four loans, and now requires a new loan in order to buy additional ladies t-shirts and original shorts. He hopes that this loan will help the business by improving on the stock.
In the future, Ishmael plans to improve and expand the business. The loan can help to increase the stock and maximize the profit. He thanks you for your support.
Previous Loan DetailsThis is thirty-three-year-old Ishmael. He is married, and has two children aged three and seven. In 2001, Ishmael established his used clothing business. He began his business to be able to meet his family’s needs. Working seven days a week and twelve hours a day, he earns about SLL 1,600,000 every… More from Ishmael'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.
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