Update on DeenThis is 46-year-old Deen. He is married and has three children, ages 15, 6 and 3 years. He has one additional dependent in his younger brother, who helps him in the business.
In 1996, Deen established his pharmaceutical drugs, toiletries and cosmetics business. He began his business because he was unable to continue school. He started up a small-scale business that he has developed over this period. Working seven days a week and 14 hours a day, he earns about 1,300,000 Sierra Leone leones (SLL) every month from this business.
He would like a loan in the amount of Le 3,000,000. Deen requires a loan in order to buy pharmaceutical drugs, toiletries and cosmetics for his business. He hopes that this loan will enable him to increase his monthly profits by approximately Le 300,000. Deen used proceeds from his last loan to improve his drug store, provide livelihood for his family and pay school fees for his children. Deen's main plan is to support his children in pursuing a university education. He thanks you for your support.
Previous Loan DetailsThis is 45-year-old Deen. He is married and has three children, aged 14, 5, and 2 years. He has one additional dependent in his younger brother, who helps him in the business. In 1996, Deen established his pharmaceutical drugs, toiletries and cosmetics business. He began his business because ... More from Deen'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.
About Sierra Leone
8View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- May 3, 2013
- May 22, 2013
- Currency Exchange Loss:
- Apr 16, 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.