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Hawa

Update on Hawa

This is 40-year-old Hawa. She is married and has four children, aged 20, 17, 15 and 13. She has four additional dependents that live with her as younger sisters. In 2000, Hawa established her ladies' handbags business. She began her business because her husband did not care for her and the children. Since she wants her children to be brought up well, she decided to go into business to gain her own source of revenue.

Working 6 days a week and 8 hours a day, she earns about Le 1,000,000 a month from this business. She would like a loan in the amount of Le 4,500,000. Hawa needs the loan in order to buy Le 4,500,000 worth of bags. She hopes that this loan will enable her to increase her monthly profits by approximately Le 800,000. She succeeded in establishing an outlet for one of her sisters which has considerably increased her revenue base. She thanks you for your support.

Previous Loan Details

This is Hawa, 39 years old. She is married and has 4 children, aged 19, 16, 14 and 12. She has four additional dependents who live with her as younger sisters. In 2000, Hawa established her ladies' handbags business. She began her business because her husband did not care for her and the… More from Hawa'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
  • 17
    View loans »
    Sierra Leone Loans Fundraising
  • $8,963,475
    Funds lent in using Kiva
  • 4,329.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Hawa to buy Le 4,500,000 worth of bags.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 5, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 22, 2014
This photo was used before for a previous loan for Hawa. It was first posted on Kiva on Oct, 2012. Learn More