Update on SusanThis is 52-year-old Susan. She is married and has three children, ages 25, 20, and 18 years. She has two nieces who live with her and she takes care of them.
In 2009, Susan established her provision and drinks business. She began her business to earn a living. Working six days a week and ten hours a day, Susan met her target of increasing her monthly profits by SLL 500,000. She earns about SLL 1,500,000 (Sierra Leone leones) every month from this business.
Susan would like a loan in the amount of SLL 3,000,000. She requires the loan in order to buy provisions worth SLL 3,000,000.
She was able to expand her business by getting involved in the wholesaling of soft drinks and she employed a sales assistant.
Susan is planning to buy 50 crates of empties and to buy more soft drinks. She thanks you for your support.
Previous Loan DetailsThis is 52-year-old Susan. She is married and has three children ages 25, 20, and 18 years. She has two nieces who live with her and she takes care of them. In 2009, Susan established her provision and drinks business. She began her business to earn a living. Working six days a week and 10 hours… More from Susan'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
- 8 months (Additional Information)
- Repayment Schedule
- Sep 20, 2013
- Oct 4, 2013
- Currency Exchange Loss:
- Apr 16, 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.