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Hassanatu

Update on Hassanatu

This is 48-year-old Hassanatu. She is widowed and has three children aged 10, 18, and 29. In 2000, Hassanatu established her motorbike spare parts business.

She began her business after losing her husband in order to be self reliant. Her business is located in city center, and her main customers are motorists and mechanics. Working seven days a week and 13 hours a day, she earns about 1,741,362 SLL every month from this business.

She would like a loan in the amount of 5,000,000 SLL. Hassanatu has already received and successfully repaid one loan and now requires a new loan in order to pay for additional tires and engine oil. She hopes that this loan will improve the stock and raise the profit.

In the future, Hassanatu plans to expand the business to the sale of motorbikes and hopes to be able to raise enough profit and expand to the outskirt of town. She thanks you for your support.

Previous Loan Details

This is 48-year-old Hassanatu. She is widowed and has three children, aged ten, 18, and 28, two of whom attend school. In 2000, Hassanatu established her motorbike parts business. She began her business because she wants to be self-reliant after the loss of her husband. Her business is located in... More from Hassanatu'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
  • 21
    View loans »
    Sierra Leone Loans Fundraising
  • $9,100,425
    Funds lent in using Kiva
  • 4,290.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Hassanatu to pay for engine oil.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Hassanatu. It was first posted on Kiva on Dec, 2012. Learn More