Update on SiaSia is 36 years old, married, and has four children. In 2004 Sia established her used clothing business. She began her business to provide assistance to her husband in taking care of the home. Her business is located at city centre and her customers are mainly women. Working six days a week and 10 hours a day, she earns about 850,000 SLL from this business every month.
Sia has received and successfully repaid two loans and is now requesting for a third loan of 3,000,000 SLL. Sia requires this loan to help her buy more used clothing for her business. She hopes that this loan will increase her income level. In the future, Sia plans to develop her plot of land, educate her children, and continue with her business. Sia used proceeds of her previous loans to pay school fees and buy learning materials for her children.
Sia is very grateful and wishes you well.
Previous Loan DetailsSia is 35 years old, married, and has four children. In 2004, Sia established her commercial business. She began her business to provide assistance to her husband in taking care of the home. Her business is located at city center and her customers are mainly women. Working six days a week and 10 ... More from Sia'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.
About Sierra Leone
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- May 9, 2014
- May 14, 2014
- Currency Exchange Loss:
- Mar 10, 2015
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.