This is 47-year-old Abdul. He is married and has four children aged 22, 18, 15, and 12. In 2001, Abdul established his drinks business to generate funds to support his children's education. His business is located in the outskirts of town and his main customers are local men and women. Working seven days a week and 14 hours a day, he earns about 1,000,000 Sierra Leonean leones (SLL) every month from this business. Abdul has already received and successfully repaid four loans, and now requires a new loan of 5,000,000 SLL in order to buy stocks of stout (1,500,000 SLL), star beer (1,000,000 SLL) and soft drink (500,000 SLL). He hopes that this loan will increase his stock level and hence his income. In the future, Abdul plans to become a distributor for a brewery, to educate his children and to develop his second plot of land. He thanks you for your support.
Previous Loan Details
This is 45-year-old Abdul. He is married and has four children, aged 21, 17, 15 and 11; all are schooling.
In 2001, Abdul established his drinks business. He began his business because he wanted to generate enough funds to support his children's education; it is his only source of income. Wor...
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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.