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Lamrana

Update on Lamrana

This is 39-year-old Lamrana. She is a widow, and has four children aged 21, 19, 16, and 8 years old. All are school-going children.

In 1992, Lamrana established her rice, beans, millet, and groundnut business. She began her business because her father did not value a female child's education then. Being that her mother was a trader, she had to join her trade because she did not have the opportunity to go to school. Working seven days a week, and eleven hours a day, she earns about Le 850,000 every month from this business.

She would like a loan of SLL 4,000,000. Lamrana has already received and successfully repaid four loans, and now requires a new loan in order to buy groundnut and beans.

Lamrana has not completed her house but wants to improve her business and educate her school-going children. She will be able to buy more stock, which will yield greater profits for her. She thanks you for your support.

Previous Loan Details

This is 38 year-old Lamrana. She is a widow, and has four children aged 20, 18, 15, and eight years. All are school-going children. In 1992, Lamrana established her rice, beans, millet, and groundnut business. She began her business because her father did not value a female child's education then... More from Lamrana'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

  • $903
    Average annual income
  • 15
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    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 Lamrana to buy groundnut and beans for 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
This photo was used before for a previous loan for Lamrana. It was first posted on Kiva on Dec, 2012. Learn More