Update on MomoduThis is 39-year-old Momodu. He is married and has three children aged two, six and nine.
In 2003, Momodu established his provisions, bread and drinks business. He started the business to be self-reliant. Working seven days a week and twelve hours a day, he earns about 1,725,000 SLL every month.
He would like a loan in the amount of 3,500,000 SLL. Momodu requires a loan in order to buy eggs, provisions, and powdered milk.
In the future, Momodu plans to open another store at the center of town. He thanks you for your support.
Previous Loan DetailsThis is 39-year-old Momodu. He is married and has three children aged 1, 6 and 9. In 2003, Momodu established his provisions and drinks business. He started the business to be self-reliant. Working seven days a week and twelve hours a day, he earns about 1,400,000 SLL every month from this b... More from Momodu'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
About Sierra Leone
52View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Apr 19, 2013
- Apr 27, 2013
- Currency Exchange Loss:
- Mar 17, 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.