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Alpha

Update on Alpha

This is 39-year-old Alpha. He is married and has four children, aged 12, 9, 6 and 3 years, two of whom are going to school. He also has his mother living with him.

In 1994, Alpha established a vehicle tire shop. He began his business because he was forced to drop out of school in class 6 because of poverty. He became a truck apprentice, learning maintenance and driving. He learnt tire patching also and was later employed in a company doing this. He worked for some years, and the salary he accumulated was used to start his own tire business. Working 7 days a week and 11 hours a day, he earns about Le 2,000,000 every month from this business.

He would like a loan in the amount of Le 5,600,000. Alpha requires a loan in order to buy different sizes of tires needed by his customers. He was able to achieve his previous plans. He has bought other pumping machines and also rents another store for his business.

In the future, Alpha still plans to educate his children and to build on his piece of land. This loan will help him to buy a vehicle, buy machines for his business and build a house. This loan will help him to improve his business and also to achieve his plans.

He is a committed and hardworking businessman. He thanks you for your generosity towards the business people in his country and thanks you for your support.

Previous Loan Details

This is 38 year-old Alpha. He is married, and has 4 children aged 10, 7, 4 and 1 year, two are going to school. He also has his mother living with him. In 1994, Alpha established a vehicle tire shop. He began his business because he was forced to drop out of school in class 6 because of poverty. ... More from Alpha's previous loan »

Additional Information

More information about this loan

This loan is to a borrower living in Sierra Leone, one of the countries in West Africa currently experiencing an Ebola outbreak. The epidemic is the largest in history, claiming thousands of lives and deeply affecting the national economy. This partner is continuing to operate throughout the outbreak, but accordingly these loans will have a higher risk associated with them. Learn more about the epidemic here

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
  • 16
    View loans »
    Sierra Leone Loans Fundraising
  • $9,076,200
    Funds lent in using Kiva
  • 4,347.8
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Alpha to buy different sized used tires for his tire store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2014
Listed
Jun 3, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 10, 2015