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Foday S.
This is 36-year-old Foday S. He is single, and has 2 children aged 6 and 4 years, one is a school going child. He has 1 additional dependent, who lives with him to assist in business. In 2010, Foday S. established his engine oil, battery, headlight, inner tire, clutch, piston, ring, etc. business. He began his business because he dropped out of school due to lack of support. One of his family members gave him a loan to start business. After repaying the loan the profit he earned was used to continue the business to this point. Working 7 days a week and 13 hours a day, he earns about 980,000 SLL every month from this business. He would like a loan in the amount of 5,000,000 SLL. Foday S. requires a loan in order to buy motor bike batteries, inner tires, hubs, sprockets and plugs. In the future, Foday S. plans to develop his piece of land, open another outlet and educate his children. This loan will help to increase stock and maximize profit. Inadequate capital is his main problem. He is a hardworking business man and thanks you for providing additional capital for his business. He thanks you for your support.

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.

About Sierra Leone

  • $2,100
    Average annual income
  • 27
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,175
    Funds lent in using Kiva
  • 4,327.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Foday S. to buy motor bike batteries, inner tires, hubs, sprockets and plugs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014