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Mark

Update on Mark

This is 44-year-old Mark. He is married and has four children aged three, seven, nine and thirteen. He has two additional dependents, who live with him to assist a late brother's children with their education.

In 1997, Mark established his used clothing business. He began his business because he wants to be self-reliant and be able to cater to the needs of the family. His business is located in the city center, and his main customers are gentlemen and office workers. Working seven days a week and 12 hours a day, he earns about SLL 2,940,000 every month from this business.

Mark would like a loan in the amount of SLL 5,000,000. Mark has already received and successfully repaid four loans. He requires the new loan in order to purchase four bales of office jackets and two bales of trousers. He hopes that this loan will help by increasing the stock. In the future, Mark plans to see the business grow and hopes to move to a shop. He thanks you for your support.

Previous Loan Details

This is 44-year-old Mark. He is married, and has 4 children aged 3, 6, 8 and 13. He has 2 additional dependents, who live with him so he can assist a brother with his children's education. In 1997, Mark established his used clothing business. The business started to be able to cater to the needs ... More from Mark'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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    Funds lent in using Kiva
  • 4,320.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Mark to buy men's jackets and trousers.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 26, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Mark. It was first posted on Kiva on Jul, 2012. Learn More