Mohamed K. is 28, single, and has no children but has one dependent who lives with him; he helps Mohamed in his business in exchange for Mohamed's help educating him. In 2007, Mohamed established his electronics business where he sells radios, discs, tapes and lights. He began his business because he wanted a means to sustain himself. Working seven days a week, seven hours a day, he earns about Le 400,000 every month. He would like a loan in the amount of Le 4,500,000. Mohamed has already received and successfully repaid one loan, and now requires a new loan in order to buy more stock for his shop. He hopes that this loan will enable him to increase his monthly profits by approximately Le 300,000. In the future, Mohamed plans to open another shop and buy land to build a house. He is serious and determined and thanks you for your support.
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.