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John

Update on John

This is 46-year-old John. He is married and has three children, aged four, five and ten. He has one additional dependent who lives with him to help with the house chores.

In 2007, John established his patent drugs business. He began his business because he wanted to be self-reliant, after dropping out of school. His business is located in the city center and his main customers are of all ages.

Working seven days a week and 12 hours a day, he earns about SLL 2,565,000 every month from this business. He would like a loan in the amount of SLL 5,000,000. John has already received and successfully repaid five loans and he now requires a new loan in order to pay for additional drugs. He hopes that this loan can improve and increase the stock.

In the future, John plans to open another outlet, out of town. He hopes to transform his business from a patent drug store to a pharmacy. He thanks you for your support.

Previous Loan Details

This is 46-year-old John. He is married and has three children aged 3, 5, and 9. He has one additional dependent who lives with him to assist his wife with the house chores. In 2007, John established his patent drugs business. He started to be self-reliant in the business after dropping out ... More from John'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

  • $2,100
    Average annual income
  • 30
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,200
    Funds lent in using Kiva
  • 4,329.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped John to pay for patent drugs to sell in his store.
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:
Jan 17, 2014