Update on Sao I.This is forty-year-old Sao. She is married and has four children aged four, five, eight and fifteen. She has one additional dependent who lives with her to assist her in-law with her child's education.
In 2007, Sao established her used clothing business. She began her business because she wants to help her husband with running the affairs of the home. Her business is located in the city center and her main customers are ladies. Working 7 days a week and 10 hours a day, she earns about 1,960,300 SLL every month from this business.
She would like a loan in the amount of 5,000,000 SLL. Sao has already received and successfully repaid four loans and now requires a new loan in order to pay for additional ladies blouses and pants. She hopes that this loan can improve the stock. In the future, Sao plans to develop the business and improve the shop she has moved into. She thanks you for your support.
Previous Loan DetailsThis is 40 year-old Sao. She is married and has four children aged three, five, eight and fourteen; three are attending school. She has one additional dependent who lives with her to assist an in-law with her child's education. In 2007, Sao established her used clothing business. She began her… More from Sao I.'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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