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Update on Miniru

This is twenty-eight-year-old Miniru. He is married, and has two children aged three and six. He has one additional dependent who lives with him to help his brother with his education.

In 2007, Miniru established his provisions, drinks, toiletries, and recharge card business. He began his business because he wanted to be self reliant after dropping out of school. His business is located in the outskirts and his main customers are adults. Working 7 days a week and 14 hours a day, he earns about SLL 2,300,200 every month from this business.

He would like a loan in the amount of SLL 5,000,000. Miniru has already received and successfully repaid five loans, and now requires a new loan in order to pay for additional soft drinks, cigarettes and mayonnaise. He hopes that this loan can improve the stock and raise the profit. In the future, Miniru plans to open an outlet in the center of town. With the loan the goods would increase, he hopes to be able to continue with his education and improve the business. He started as a gari vendor, and now with the loans he has received from ARD, he now has a provision shop. He thanks you for your support.

Previous Loan Details

This is 27-year-old Miniru. He is married and has two children aged three and six. He has 1 additional dependent who lives with him to help a younger brother with his education. In 2007, Miniru established his provisions, drinks and mobile phone recharge card business. The business was started... More from Miniru'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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,075
    Funds lent in using Kiva
  • 4,320.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Miniru to pay for soft drinks, cigarettes and mayonnaise.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 19, 2013
Apr 27, 2013
Currency Exchange Loss:
Nov 17, 2013