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Adama

Update on Adama

This is 48-year-old Adama. She is married and has two children, ages 11 and 14. Two of her sisters live with her to get assistance with their schooling.

In 2000, Adama established her cosmetics and provisions business. She began her business at the age of 20 when she became pregnant. Her parents told her to go to the man who impregnated her, and in the end, the man decided to give her substantive capital to establish her own business so that she could get help for some domestic issues. Working six days a week and 11 hours a day, she earns about SLL 850,000 every month from this business.

Adama requires a loan in order to buy goods worth SLL 3,000,000. She is grateful for her past loan because of the increase in her profit margin from Le 500,000 to Le 850,000, though her plans to become the leading agency are still in progress. She thanks you for your support.

Previous Loan Details

This is 47-year-old Adama. She is married and has two children aged 10 and 13. Two of her sisters live with her to get assistance with their schooling. In 2000, Adama established her cosmetics and provision business. She began her business at the age of 20 when she became pregnant. Her parents to... More from Adama'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
  • 64
    View loans »
    Sierra Leone Loans Fundraising
  • $9,347,350
    Funds lent in using Kiva
  • 4,339.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Adama to buy some cosmetics and provisions to add to her business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 7, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Adama. It was first posted on Kiva on Oct, 2012. Learn More