Update on SalamatuThis is 39-year-old Salamatu. She is married and has two children, aged 4 and 10. She has one additional dependent, who lives with her to help with the house chores.
In 2009, Salamatu established her provisions, drinks, and cosmetics business. She began her business to help her husband, who is a teacher, in running the home. Working seven days a week and 12 hours a day, she earns about Le 2,101,700 every month from this business.
She would like a loan in the amount of Le 4,000,000. Salamatu requires a loan in order to increase her inventory of provisions, drinks and cosmetics. In the future, Salamatu plans to expand the business to the center of town, to educate her children, and to have a house of her own. She thanks you for your support.
Previous Loan DetailsThis is 39-year-old Salamatu. She is married and has two children, aged 4 and 9. She has one additional dependent who lives with her to help with the house chores. In 2009, Salamatu established her provisions, drinks, and cosmetics business. She began her business to help her husband, who is… More from Salamatu'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.
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Success!! The loan was 100% repaid