Update on OsinatuThis is 49-year-old Osinatu. She is married and has two children, ages 19 and 15. In 1994, Osinatu established her clothing and textiles business. She began her business just to generate enough cash to support her children and this is her only source of livelihood. Working 7 days a week and 10 hours a day, she earns about Le 600,000 every month from this business.
Osinatu would like a loan in the amount of Le 4,000,000. Osinatu requires a loan in order to buy window cotton, obama wax, and simple lace and guarantee wax. She hopes that this loan will enable her to increase her monthly profits by approximately Le 400,000. In the future, Osinatu plans to educate her kids, to develop her plot of land, and to rent a shop. She thanks you for your support.
Previous Loan DetailsThis is 48-year-old Osinatu. She is married and has two children, ages 18 and 14. In 1994, Osinatu established her clothing and textiles business. She began her business because she wants to generate enough cash to support her children and this is her only source of livelihood. Working 7 days a… More from Osinatu'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
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Success!! The loan was 100% repaid
- Repayment Term
- 10 months (Additional Information)
- Repayment Schedule
- Jun 7, 2013
- Jun 17, 2013
- Currency Exchange Loss:
- Jan 17, 2014
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.