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Update on Umaru

This is 33-year-old Umaru. He is married and has three children aged three, eight, and twelve.

In 2000, Umaru established his plastic products business. He began his business to be self-reliant after dropping out of school. Working seven days a week and ten hours a day, he earns about 1,890,000 SLL every month. He would like a loan in the amount of 5,000,000 SLL.

Umaru has already received and successfully repaid three loans. He requires a loan in order to purchase more of his stock items for resale.

In the future, Umaru plans to move to a shop and expand to see his business grow. The competition is low, and the business is good as it is in the center of town. He thanks you for your support.

Previous Loan Details

This is 33-year-old Umaru. He is married, and he has three children, aged 3, 8, and 11 years. In 2000, Umaru established his cooking utensils and plastic products business. The business started to care for the needs of the family, after dropping out of school. He would like a loan of Le ... More from Umaru'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

  • $2,100
    Average annual income
  • 29
    View loans »
    Sierra Leone Loans Fundraising
  • $9,391,500
    Funds lent in using Kiva
  • 4,319.7
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Umaru to buy cooking utensils and plastic products for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 1, 2013
Mar 15, 2013
Currency Exchange Loss:
Sep 17, 2013