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Update on Foday

This is 47-year-old Foday. He is married and has four children who are 19, 16, 15 and 13 years old. In 1986, Foday established his used clothing business. Working seven days a week and 11 hours a day, he earns about Le 1,300,000. every month from this business. He is now requesting a loan of Le 5,000,000.

Foday has already received and successfully repaid one loan and now requires a new loan to purchase bales of used clothing He wants to buy T-shirts (two bales @ Le 550,000), ladies blouses (two bales @ Le 700,000), skirts (two bales @ Le 650,000) and jeans jackets (one bale @ Le 1,200,000).
Foday has completed his house and has improved his business by introducing an additional item (children’s wear); but did not succeed in opening an account. He is trying to continue expanding his business.

He is hardworking and honest. He thanks you for your support.

Previous Loan Details

This is 47-year-old Foday. He is married and has four children, aged 19, 16, 15 and 13 years. In 1986, Foday established his used-clothing business. He began his business after moving from Kono (where mining is the main economic activity) to Makeni (where petty trading is the main business activi... More from Foday'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
  • 2
    View loans »
    Sierra Leone Loans Fundraising
  • $9,478,050
    Funds lent in using Kiva
  • 4,332.4
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Foday to buy more bales of used clothing.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Feb 7, 2014
Feb 22, 2014
Currency Exchange Loss:
Mar 10, 2015