Update on SullayPlease meet with Sullay. He is 35 years, married and has two children who are one and four years old. In 2007, Sullay established his spare motor parts business, which includes tires, brake pads, fan belts, batteries, windscreens, inner tubes, motor oil, etc. He began doing business for his mother when he was a small boy. When he became mature, he started his own business.
Sullay has a special interest in business because the income he gets from this business is used to provide his family's livelihood. It is from his business proceeds that he has bought a car and two pieces of land. Working six days a week and 10 hours a day, he earns about SLL 1,800,000 every month from this business.
He would like a loan of SLL 5,000,000. Sullay requires a loan in order to buy lift pumps, oil filters, universal joints, and brake kits. He has completed his building project. His business has also expanded. He is planning to acquire a large shop to display his stock of goods. He is a determined and hardworking businessman. He has many loyal customers because he deals in very good original spare parts.
He thanks you for supporting him and his family.
Previous Loan DetailsSullay, aged 34, is married and has two children, aged one and four. In 2007, Sullay established his spare motor parts business which includes tires, brake pads, fan belts, batteries, windscreens, inner tubes, motor oil, etc. He began doing business for his mother when he was a small boy. When he… More from Sullay'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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Success!! The loan was 100% repaid