Update on YainkainThis is 33-year-old Yainkain. She is single and has one child, age 4, who is not going to school. She has no additional dependents that live with her.
In 2004, Yainkain established her cosmetology business. She started doing this work after she graduated with a diploma in cosmetology. Working seven days a week and six to seven hours a day, she earns about 800,000 SLL every month from this business. She would like a loan in the amount of 5,000,000 SLL.
Yainkain requires a loan in order to buy more cream,hair and gel worth Le 5,000,000. She hopes that this loan will enable her to increase her monthly profits to approximately 1,000,000 SLL. Her child has started attending a pre-primary school but has not reach the pick for her salon to be transformed into a training center for young girls but fighting hard to achieving it. She still hopes to be a great business woman. She thanks you for your support.
Previous Loan DetailsThis is 32-year-old Yainkain. She is single and has one child aged 3 who is not going to school. She has no additional dependents who live with her. In 2004, Yainkain established her cosmetology business. She started doing this work first after she graduated with a diploma in cosmetology.… More from Yainkain'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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Success!! The loan was 100% repaid