Total loan: $1,175
Makeni, Northern Province, Sierra Leone / Retail
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A loan helped to purchase secondhand carpet, DVD players, electrical cables, plugs and light bulbs.
This is 38-year-old Hawa. She is married to a mechanic and has 2 children, aged 7 and 16 years. She has 1 additional dependent, who lives with her. She came to live with Hawa to attend school in the city and also help with domestic work. In 2001, Hawa established her secondhand electrical equipment/appliances, carpet etc. business. She began her business because her parents could not afford to pay her school fees. Since she could not further her studies, she joined her mother in business, and when her mother died she had to partner with her elder brother in the business. Working 7 days a week and 10 hours a day, she earns about Le 2,508,000 every month from this business. She would like a loan in the amount of Le 5,000,000. Hawa has already received and successfully repaid 2 loans, and now requires a new loan in order to purchase 10 small pieces of secondhand carpet @ Le150,000 each, 10 DVD players @ Le125,000 each, 10 rolls of electrical cable @ Le100,000 each, 10 boxes of plugs @ Le80,000 each and 450 packets of light bulbs @ Le1,000 each. She hopes that this loan will enable her to increase her monthly profits by approximately Le 976,000. In the future, Hawa plans to build a house. She feels good that her business is growing. She is planning to expand and give her children a better life. She is excited about the future because in acquiring this loan she will be able to buy more stock to add to her existing business. Her major challenge is the high rate of taxation. Competition is low as she is the only retailer in that area. She serves people around the town and customers from interior villages. She serves about 12 people per day as she offers quality products at affordable prices to suit her customers. She buys her goods in Freetown three times a month through public transport. She uses his profit to buy more stock for her business. Hawa is planning to expand by acquiring more loans and making better profits so that she will be able to achieve her plans. She is hardworking and honest. She thanks you for your support.