Update on Mariatu NanaMariatu, 47, is married to an accountant and has three children aged 26, 21 and 17 years.
Previously, Mariatu was a civil servant, but she retired and went to the Ivory Coast to seek a visa to go to the United States. Unfortunately, she was denied one, and when she went back home, there was no job for her. With her remaining money, she opened her provisions and drinks shop in 2006.
Working six days a week and ten hours a day, Mariatu earns about 1,500,000 SLL every month. She would like a loan of 4,500,000 SLL in order to buy crates of soft drinks, crates of Maltina, cartons of sardines, and cartons of Peak Milk. She hopes that this loan will enable her to increase her monthly profits by approximately 600,000 SLL.
Mariatu has improved her business considerably and can now withstand competitions from neighboring businesses. Moreover, her children are still receiving quality educations. She thanks you for your support.
Previous Loan DetailsMariatu, 46, is married to an accountant and has three children aged 25, 20 and 16 years. Previously, Mariatu was a civil servant, but she retired and went to Ivory Coast to seek a visa to go to the United States. Unfortunately, she was denied one, and when she went back home, there was no job ... More from Mariatu Nana'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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About Sierra Leone
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Success!! The loan was 100% repaid
- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Sep 6, 2013
- Sep 20, 2013
- Currency Exchange Loss:
- Jul 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.