Update on MargaretteThis is 34-year-old Margarette. She is married and has four children ages five, six and fourteen. She has one additional dependent, who lives with her to assist with the house chores.
In 1995, Margarette established her textiles business. She began her business because she wanted to assist her husband in taking care of the home. Her business is located in the city center and her main customers are adults.
Working seven days a week and ten hours a day, Margarette earns about SLL 2,500,000 every month from this business. She would like a loan in the amount of SLL 5,000,000. She has paid three loans in the past. Margarette requires a loan in order to buy more lace material, batik, and siphon for resale. She hopes that this loan will help her to improve the business by getting more stock.
In the future, Margarette plans to open a shop and to improve the business' profit. She thanks you for your support.
Previous Loan DetailsThis is 33-year-old Margaret. She is married and has 3 children aged 3, 5 and 12. She has 2 additional dependents who live with her to help with the house chores and to help a brother with his education. In 1995, Margaret established her textiles business. The business started to be self… More from Margarette'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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