Update on Abu BakarrThis is 53-year-old Abu Bakarr. He is married and has five children aged 4, 6, 8, 12 and 17. He has three additional dependents, who live with him because he is helping his nephews with their education.
In 2001, Abu Bakarr established his used shoes business. He began his business as an expansion of his wife's business. His business is located in the city center, and his main customers are adults. Working seven days a week and 12 hours a day, he earns about 1,063,800 SLL (Sierra Leone leones) every month from this business.
He would like a loan in the amount of 3,000,000 SLL. Abu Bakarr has already received and successfully repaid three loans, and now requires a new loan in order to pay for an additional five bales of men's shoes. He hopes that this loan can increase the stock and raise the profit. In the future, Abu Bakarr hopes to grow the business and to be able to make enough so that could take care of the children's education. He thanks you for your support.
Previous Loan DetailsThis is 53-year-old Abu Bakarr. He is married and has five children, aged 3, 6, 8, 12 and 16. He has three additional dependents who live with him because they are a late brother's children. In 2001, Abu Bakarr established his used shoes business. The business was started separate from his w... More from Abu Bakarr'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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