Check out some available loans that are similar to this one!
Anonymous

Update on Anonymous

This is a 37 year-old business man. He is married, and has 5 children aged 18, 14, 10, and twins who are 5. In 2011, he went into business renting DVDs and VCD players. He went into business to become self-reliant and works from a good location in the center of town. He works 7 days a week and 14 hours a day, and earns about Le 550,000 a month. He is requesting a loan for Le 6,250,000 to buy more items to rent to his customers. He has already taken out and repaid three loans. In the future, he plans to develop his plot of land on a nearby road. He thanks you for your support.

Previous Loan Details

This is 36 year-old Business man. He is married and has 5 children aged 16,13, 9, 6 and 4. In 2001, he established his DVD and VCD cassettes and DVD players business. He began his business because he wants to make himself self-reliant. It is his only source of income. Working 7 days a week and... More from Anonymous'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
  • 7
    View loans »
    Sierra Leone Loans Fundraising
  • $8,977,275
    Funds lent in using Kiva
  • 4,320.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped this borrower to buy more video cassettes to rent.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013
This photo was used before for a previous loan for Anonymous. It was first posted on Kiva on Jun, 2011. Learn More