Update on AdamaThis 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 DetailsThis 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 »
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
- 12 months (Additional Information)
- Repayment Schedule
- Feb 15, 2013
- Mar 12, 2013
- Currency Exchange Loss:
- Jan 17, 2014
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.