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Isata

Update on Isata

This is Isata. She is 36, married, and has three children, aged 16, 13, and 9. In 2000, Isata established her rice and local foodstuffs business in the city center. Isata started her business because she wanted to help her husband to take care of the home with her own financial contribution. Working six days a week and nine hours a day, she earns about 1,400,000 SLL every month.

Isata would like a loan in the amount of 4,000,000 SLL to buy more bags of rice as she now has more customers. She hopes that this loan will help her increase her profits margin by Le 600,000. Isata has not yet succeeded in renting a shop for herself but is still working hard towards it. She thanks you for your support.

Previous Loan Details

This is Isata. She is 35, married, and has three children, aged 15, 12, and 8. In 2000, Isata established her rice and local foodstuffs business in the city center. Isata started her business because she wanted to help her husband to take care of the home with her own financial contribution. Work... More from Isata'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

  • $903
    Average annual income
  • 43
    View loans »
    Sierra Leone Loans Fundraising
  • $9,192,975
    Funds lent in using Kiva
  • 4,338.7
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Isata to buy more bags of rice.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Isata. It was first posted on Kiva on Dec, 2012. Learn More