Update on HawaIn 2005, Hawa established her school and ladies’ bags business. She began her business just after her father died, as there was no other means for her to get money to solve some of her problems. As a mature lady at that time, she decided to engage herself by assisting her friends in doing business until she got her own capital to start her own business. Working six days a week and 11 hours a day, she earns about 1,700,000 Le (Sierra Leone leones) every month from this business. Hawa would like a loan in the amount of 6,000,000 Le. She requires a loan in order to buy assorted bags by the bale.
Her previous plan was to rent a shop. She also wants to accommodate more customers, though that was not achieved as a result of the exorbitant amount been asked for rent, but she still hopes to find a more reasonable amount to be paid for a shop rental.
She is still pursuing a shop for rental as part of her plans, and also wants to locate another market area for her younger sister to sell. As a result of her being an agent, her profit margin increased and living conditions improved.
Previous Loan DetailsIn 2005, Hawa established her school and ladies’ bags business. She began her business just after her father died, as there was no other means for her to get money to solve some of her problems. As a mature lady at that time, she decided to engage herself by assisting her friends in doing busines... More from Hawa'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.
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.