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Bai

Update on Bai

This 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 Details

This 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 »

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
  • 27
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,175
    Funds lent in using Kiva
  • 4,328.8
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Bai to purchase some pieces of UPS, some hard disk drives, flash drives, and A4 paper to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 14, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Bai. It was first posted on Kiva on Mar, 2012. Learn More