Update on AnonymousThis is a 31-year-old businesswoman. She is single but has a fiance. In the year 2006, she established her local foodstuffs business. Working six days a week and eight hours a day, she earns about 900,000 SLL every month from this business. She would like another loan of 6,000,000 SLL.
She has already received and successfully repaid three loans, and she now requires a new loan in order to buy more local foodstuffs for her business. She hopes that this loan will enable her to increase her monthly profits by approximately 500,000 SLL. She is still maintaining the rented store with her colleagues. She realizes more sales there and does not want to rent a store where she might find it difficult to get sales. Sales are important because she does not want to be unable to repay her loan. Meanwhile, she still intends to rent her own store that is closer to the market. She thanks you for your support.
Previous Loan DetailsThis is a 30-year-old businesswoman. She is single and has no children. In the year 2006, she established her local foodstuffs business. Working six days a week and eight hours a day, she earns about Le 700,000 every month from this business. She would like a loan in the amount of Le 6,000,000. ... More from Anonymous'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