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Zainab

Update on Zainab

This is 41-year-old Zainab. She is single, and has one child, aged 19 years. She has one additional dependent, the child of her friend.

In 1987, Zainab established her foodstuffs business. She opens her business six days a week and works 11 hours a day. She earns a profit of 600,000 SLL every month. Zainab has a good loan repayment history. She needs a loan of 3,000,000 SLL to help her buy more foodstuffs for her business. She hopes to increase her profit by approximately 300,000 SLL.

Zainab is now at the verge of completing her building project. She thanks you for your support.

Previous Loan Details

This is 40-year-old Zainab. She is single, and has one child aged 18 years. She has one additional dependent, the child of her friend. In 1987, Zainab established her foodstuffs business. She opens her business six days a week and 11 hours a day. Zainab has a good loan repayment history. She need... More from Zainab'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.

Tags

About Sierra Leone

  • $903
    Average annual income
  • 48
    View loans »
    Sierra Leone Loans Fundraising
  • $9,192,975
    Funds lent in using Kiva
  • 4,329.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Zainab to buy more foodstuffs for her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2013
Listed
Sep 21, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014