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Adama

Update on Adama

This is 42 year-old Adama who is married with four children, aged five, 10, 18 and 21. She established her palm oil and garri business in 2001. Adama began her business because she is not educated and did not want to be dependent on anyone for her survival. Her business is located in the outskirts of the city and her main customers are businesswomen, domestic housewives, and other community members. Adama is hardworking and she works seven days a week and 10 hours a day to earn about 1,200,000 SLL every month. Her greatest business challenge is the high cost of transport.

Adama is requesting a 4,500,000 SLL loan to buy more palm oil and bags of garri in large quantities to sell. She hopes to increase her profit to 900,000 SLL monthly. In the future, Adama plans to build her own house, improve her business, and provide a quality education to her children. She thanks you for your support.

Previous Loan Details

This is 41-year-old Adama. She is married and has four children, aged 20, 17, nine, and four years. In 2001, Adama established her palm oil and garri business. She began her business because she is not educated but she does not want to be dependent on anyone for her survival. Working seven days a... More from Adama'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

  • $903
    Average annual income
  • 15
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    Funds lent in using Kiva
  • 4,318.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Adama to buy garri and palm oil.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Mar 12, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Adama. It was first posted on Kiva on Apr, 2012. Learn More