Update on MarieThis is 39-year-old Marie. She is married to a trader who earns Le 500,000 every month and has one child aged 11 years. She has two additional dependents, who live with her because her husband brought them from their village to help with their schooling.
In 2001, Marie established a business selling household utensils. She began her business because she was not privileged to go school, and as an adult her older brother gave her some money to start selling cakes. After she got married, her husband asked her to begin selling household utensils because of the fire risk involved in baking cakes. Working seven days a week and nine hours a day, she earns about Le 1,200,000 every month from this business. She would like to borrow Le 5,000,000, and has already received and successfully repaid two loans. She will use this new loan to buy more water containers, bathing buckets, pans, dishes and plastic bowls to sell. She hopes that this loan will allow her to increase her monthly profits by approximately Le 200,000.
Marie used the proceeds from her last loan to pay school fees for her child, help her husband feed their family and buy some items for her home. However she was not able to invest in building a house because she was not able to save enough money to do this. In the future, Marie still plans to build her own house and educate her children to the university level. She feels good because this loan will add to her capital and help her improve her business and earn more income. She is hardworking and honest, and thanks you for your support.
Previous Loan DetailsThis is 38-year-old Marie. She is married to a trader who earns Le500,000 every month and has one child aged 10 years. She has two additional dependents, who live with her because they were brought by her husband from the village to assist them in their schooling. In 2001, Marie established… More from Marie'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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