Update on SillahThis is thirty-one-year-old Sillah. who is married and has three children aged four, six and ten. He has two additional dependents, who live with him to assist his niece with their education.
In 2001, Sillah established his spare parts business. He began his business because he wanted to be self-reliant, to meet his family and personal needs. His business is located in the city center and his main customers are mechanics, vehicle and motorbike owners. Working 7 days a week and 12 hours a day, he earns about Le 2,099,750 every month from this business.
Sillah would like a loan in the amount of Le 5,000,000. He has already received and successfully repaid three loans and now requires a new loan in order to pay for additional engine oil and filters. He hopes that this loan can increase the stock and raise his profit. In the future, Sillah plans to move to a bigger shop as the stock increases, and to open outlets within the town. He thanks you for your support.
Previous Loan DetailsSillah is 31 years old, married, and has three children aged 4, 5 and 10. He has two additional dependents who live with him. In 2001, he opened a spare-parts (auto and motor) business after losing a brother who was supporting the home. Sillah has already received and successfully repaid two loan... More from Sillah'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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