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Isatu

Update on Isatu

This is 36-year-old Isatu. She is married and has two children who are 14 and 10 years old. In 2006, Isatu established her groundnut and beans business. She began her business because she wants to actualize her dream of independence and that is her only source of income.

Working 7 days a week and 11 hours a day, she earns about Le 1,000,000 SLL every month from this business. She would like a loan of 4,000,000 SLL. Isatu has already received and successfully repaid two loans, and now require a new loan in order to buy groundnuts and beans. She hopes that this loan will enable her to increase her monthly profits by approximately 300,000 SLL.

Isatu used the proceeds from her last loan to provide a livelihood for her family and pay school fees for her children. Isatu was unable to start building a house because she was not able to make enough profit to do so. However, Isatu still wishes to support her children’s education to university level and to build a dwelling house for her family. She thanks you for your support.

Previous Loan Details

This is 35-year-old Isatu. She is married and has 2 children, ages 13 and 9 years. In 2006, Isatu established her groundnut and beans business. She began her business because she wants to actualize her dream of independence and that is her only source of income. Working 7 days a week and 11 h... More from Isatu'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
  • 53
    View loans »
    Sierra Leone Loans Fundraising
  • $9,327,250
    Funds lent in using Kiva
  • 4,326.5
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Isatu to buy groundnuts and beans.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2013
Listed
May 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Isatu. It was first posted on Kiva on Jan, 2012. Learn More