Update on HawaThis 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 DetailsThis 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 »
About the Association or Rural DevelopmentThe 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
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Success!! The loan was 100% repaid
- Repayment Term
- 10 months (Additional Information)
- Repayment Schedule
- Apr 5, 2013
- Apr 11, 2013
- Currency Exchange Loss:
- Feb 22, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.