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Mariatu

Update on Mariatu

This is 23-year-old Mariatu. She is a divorcee and has no children.

In 2011, Mariatu established her Building Materials & Electrical Appliances business. She began her business because she wanted to improve her livelihood.

Her business is located on the outskirts of town and her main customers are contractors and men. Working seven days a week and 10 hours a day, she earns about Le 1,800,000 every month from this business. She would like a loan of Le 5,000,000. Mariatu requires a loan to buy building materials like cement, iron rods, nails and paints for resale.

In the future, Mariatu plans to build a house and establish another business outlet in the city. She is currently unable to open another business but if she experiences more profit from her business it will help her to open another outlet. She thanks you for your support.

Previous Loan Details

This is 22-year-old Mariatu. She is a divorcee and has no children. In 2011, Mariatu established her Building Materials & Electrical Appliances business. She began her business because she wanted to improve her livelihood. Her business is located on the outskirts of town and her main customers ar... More from Mariatu'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

  • $2,100
    Average annual income
  • 28
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,175
    Funds lent in using Kiva
  • 4,329.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Mariatu to buy building materials like cement, iron rods, nails and paints.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2013
Listed
Sep 25, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014
This photo was used before for a previous loan for Mariatu. It was first posted on Kiva on Dec, 2012. Learn More