Update on BaiThis is Bai. He is 37, married, and has one child, aged 3 years. He has two additional dependents who live with him and help with his business while they attend school.
In 2000, Bai established his business. Working seven days a week and 11 hours a day, he earns about SLL 2,4000,000 every month. One major challenge he faces is the unstable foreign exchange rate.
Bai would like a loan in the amount of SLL 5,000,000. He requires a loan in order to purchase some pieces of UPS, some hard disk drives, flash drives and A4 paper to sell. This will increase his working capital and he is looking forward to subsequent loans.
Bai used profit from his last loan to support his family by providing livelihood for them. He was unable to open the new computer shop he plans to open, however, he says he is working very hard to achieve this.
Bai describes himself as hard-working and committed to his business. In the future, Bai plans to open a computer school. He thanks you for your support.
Previous Loan DetailsThis is Bai. He is 36, married, and has one child aged two years. He has two additional dependents, who live with him and help with his business while they attend school. In 2000, Bai established his business. Working seven days a week and 11 hours a day, he earns about 2,200,000 SLL every month.... More from Bai'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
62View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jun 7, 2013
- Jun 14, 2013
- Currency Exchange Loss:
- Dec 17, 2013
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.