Update on BernardThis is 44-year-old Bernard. He is married and has 2 children aged 23 and 7 years. He has 1 additional dependent who lives with him for schooling.
In 2008, Bernard established his pharmacy business. He began his business because he wanted to help with the smooth running of his home. His business is located on the outskirts of town and his main customers are people in the general community. Working 7 days a week and 15 hours a day, he earns about 800,000 SLL every month from this business.
He would like a loan in the amount of 5,000,000 SLL. Bernard requires a loan in order to buy more drugs, cosmetics, etc., for resale. He hopes that this loan will help his business to grow through proper use.
In the future, Bernard plans to build a hospital, a house and to give a quality education to his children. He thanks you for your support.
Previous Loan DetailsThis is 43-year-old Bernard. He is married and has 2 children aged 22 and 6 years. He has 1 additional dependent who lives with him for schooling. In 2008, Bernard established his pharmacy business. He began his business because he wanted to help with the smooth running of his home. His… More from Bernard's previous loan »
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 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
- Jul 11, 2014
- Aug 22, 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.