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Kaday

Update on Kaday

This is 44-year-old Kaday. She is married and has three children aged five, seven, and eighteen.

In 2010, Kaday established her provisions and drinks business. She began her business after graduating from college. Working seven days a week and twelve hours a day, she earns about 1,650,000 SLL every month.

Kaday would like a loan in the amount of 3,000,000 SLL. She has already received and successfully repaid four loans. Kaday now requires a new loan in order to buy more drinks for sale. In the future, Kaday plans to expand to trade in imported rice. The competition is low.

She thanks you for your support.

Previous Loan Details

This is forty-three-year-old Kaday. She is married, and has three children aged four, six and seventeen. In 2010, Kaday established her provisions business. She began her business to provide the immediate needs of people within the community. Working six days a week and ten hours a day, she earns... More from Kaday'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
  • 22
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    Funds lent in using Kiva
  • 4,319.7
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Kaday to buy sugar, mayonnaise, butter, and milk for sale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014