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Maxwell M

Update on Maxwell M

This is 31-year-old Maxwell who has established an office supplies business. He is maintaining his stationery business.

Working seven days a week and 12 hours a day, he now earns about Le 3,000,000 every month. He would like a loan of Le 5,000,000. He requires a loan to buy cartons of A4 paper, cartridges, office trays, paper files, and ledger books.

Maxwell has succeeded partially as he is now a supplier and built a house but has not bought a car or opened different outlets. He thanks you for your support

Previous Loan Details

This is 30-year-old Maxwell. He is single and has no children. In 2007, Maxwell established an office supply business. He began his business because he dropped out of school through a lack of sponsorship. He joined his uncle's business, and after some years his uncle gave him some money to start ... More from Maxwell M'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.

Tags

About Sierra Leone

  • $903
    Average annual income
  • 15
    View loans »
    Sierra Leone Loans Fundraising
  • $9,015,475
    Funds lent in using Kiva
  • 4,337.8
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Maxwell M to buy paper, cartridges, office trays, paper files, and ledger books.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2014
Listed
Feb 21, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 10, 2015
This photo was used before for a previous loan for Maxwell M. It was first posted on Kiva on Nov, 2012. Learn More