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Edward T.

Update on Edward T.

This is 44-year-old Edward. He is married and has three children, ages 5, 7, and 15. He has two additional dependents who live with him to help in his business.

In 2009, Edward established his food and drinks business. He began his business because he wants to be self-reliant, after retiring from government service. His business is located in city center and his main customers are patients, hospital staff, and visitors. Working 7 days a week and 14 hours a day, he earns about SLL 2,940,400 every month from this business.

Edward would like a loan in the amount of SLL 4,000,000. He has already received and successfully repaid three loans and now he requires a new loan in order to buy additional rice, onions, and drinks. He hopes that this loan can improve his stock and raise the profits.

In the future, Edward plans to expand the business to the frontage of the location and hopes to improve the business and be able to care of the needs of the family. He thanks you for your support.

Previous Loan Details

This is 44-year-old Edward. He is married and has 3 children, aged 4, 7, and 15. He has 2 additional dependents who live with him to help in the business as caterers. In 2009, after retiring from government services, Edward established his food and drink business in order to be self-reliant. ... More from Edward T.'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
  • 8
    View loans »
    Sierra Leone Loans Fundraising
  • $8,977,275
    Funds lent in using Kiva
  • 4,329.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Edward T. to buy rice, onions, soft drinks, and other beverages.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jul 5, 2013
Jul 17, 2013
Currency Exchange Loss:
Jun 17, 2014