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Fanta

Update on Fanta

Fanta is a 35-year-old married woman with five children aged 17, 14, 12, 8, and 6 years. She has two additional dependents who live with her because she assists them with their schooling.

In 2009, Fanta established her business. She began her business because, after her father's death when she was a child, there was no one to support her. Her mother gave her in marriage to a contractor, who gave her money to start a business. Fanta previously experienced difficulty and therefore added local food products to her business. Her profit margin has improve. She works seven days a week, 14 hours a day and earns about 1,600,000 SLL every month from her new business.

Fanta would like a loan in the amount of 4,000,000 SLL. Fanta has received and successfully repaid two loans and now requires a new loan to buy sweets, biscuits, pure water and local food items to sell.

Fanta has started her house project by making mud bricks. She used most of her profits to provide a livelihood for her family.

Previous Loan Details

This is Fanta. She is 34, married, and has five children aged 16, 13, 11, 7, and 5 years. She also has two additional dependents who live with her because she assists them with their schooling. In 2009, Fanta established her business. She began her business because, after her father's death ... More from Fanta'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
  • 30
    View loans »
    Sierra Leone Loans Fundraising
  • $9,245,175
    Funds lent in using Kiva
  • 4,317.8
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Fanta to buy small of sweets, biscuit, pure water and local food stuff for sale of her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2013
Listed
Dec 16, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 10, 2015