Update on SalamatuThis is 37-year-old Salamatu. She is a widow and has two children, aged nine and six years. She has three additional dependents that live with her and help with the house chores and the business.
In 1999, Salamatu established her clothing business selling jeans, headbands, and other items. She began her business because she wanted to become self reliant after losing her husband. Working seven days a week and ten hours a day, she earns about 1,806,000 SLL every month. She would like a loan in the amount of 5,000,000 SLL.
Salamatu has already received and successfully repaid three loans, and she now requires a new loan in order to buy more bags, jeans, and blouses for sale. She hopes that this loan will enable her to increase her monthly profits.
In the future, Salamatu plans to expand her business into a shop. The competition is average, but she is able to cope because of her time in the business. She thanks you for your support.
Previous Loan DetailsThis is 36-year-old Salamatu. She is a widow and has 2 children aged 8 and 5. She has 2 additional dependents who live with her because they help her with her business. In 1999, Salamatu established her used clothing and plastic products business. She began her business by assisting her lat... More from Salamatu'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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