Update on SerayThis is 29-year-old Seray. She is married and has three children, ages 11, 9 and 6. She has one additional dependent who lives with her for schooling.
In 2004, Seray established her cosmetics business. She began her business just to enable her to adequately support her kids. Her business is located in the city center, and her main customers are mostly women. Working seven days a week and 11 hours a day, she earns about 400,000 SLL (Sierra Leone leones) every month from this business.
She would like a loan of 4,000,000 SLL. Seray has already received and successfully repaid three loans and now requires a new loan to buy false hair. She hopes that this loan will help her increase her stock level. In the future, Seray plans to start traveling to Dubai for business, to educate her kids and to own a house. She appreciates the gesture she is receiving from Kiva. She thanks you for your support.
Previous Loan DetailsThis is 28-year-old Seray. She is married and has three children ages 10, 8 and 5. She has one additional dependent who lives with her for schooling. In 2004, Seray established her cosmetics business. She began her business because it enabled her to adequately support her kids. Her business is l... More from Seray'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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