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Update on Osman

This is 30-year-old Osman. He is married and has two children aged 10 and 3. In 1992, Osman established his commercial palm oil and 'gari' etc. business. He began his business because he had to take care of his family. His business is located on the outskirts of town and his main customers are women. Working 7 days a week and 16 hours a day, he earns about Le 700,000 every month from this business.

Osman would like a loan in the amount of Le 4,000,000. Osman requires a loan in order to buy more stock to improve his business. He hopes that this loan will support him though its proper use. In the future, Osman plans to continue his project. He thanks you for your support.

Previous Loan Details

This is 30-year-old Osman. He is married and has two children aged ten and three. In 1992, Osman established his palm oil and garri (cassava flakes) business. He began his business in order for him to be able to take care of his family. Working seven days a week and ten hours a day, he earns about… More from Osman'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

  • $903
    Average annual income
  • 7
    View loans »
    Sierra Leone Loans Fundraising
  • $8,977,275
    Funds lent in using Kiva
  • 4,280.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Osman to buy more palm oil and bags of 'gari' (cassava grits).
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Apr 5, 2013
Apr 30, 2013
Currency Exchange Loss:
Feb 17, 2014
This photo was used before for a previous loan for Osman. It was first posted on Kiva on Aug, 2012. Learn More