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This is 32 year-old Osman. He is married to a trader, and has 4 children aged 12, 9, 6 years and a 10 months old baby, two are school-going children. He has one additional dependent, who lives with him because he helps in the business. In 2005, Osman established his electronics business. He began his business because of the rebel war that broke in his country of Sierra Leone. Osman says, "I was in form three (school grade 9 in the U.S) when the rebels attacked us in our village called Sanda twenty miles off from Makeni. Then we fled to Makeni and started working for people for our survival. During that time, I started raising funds until I got a substantial amount to start my business." Working 7 days a week and 11 hours a day, he earns about Le 1,796,000 every month from this business. He would like a loan in the amount of Le 4,000,000 . Osman has already received and successfully repaid 1 loan and now needs a new loan in order to buy tape (6 batteries) - 8 pieces @ Lr125,000, radio - 10 pieces @ Le45,000, radio with memory card - 5 pieces @ Le75,000, tape (4 batteries) - 8 pieces @ Le65,000 and electronic lanterns - 1 carton @ Le1,000,000. The balance will be used for transport. He hopes that this loan will enable him to increase his monthly profits by approximately Le 269,000. In the future, Osman plans to open a shop. He felt good about taking out this loan as it helps him to boost his business. He wants his children to have a good education. The loan will help greatly because he will be able to make a profit out of it. Increases in the cost of goods affects him greatly because as costs change, he has to change his selling prices which affects his customers' buying pattern. He offers quality products. Osman serves at least 20 people per day around the city. His business is popular because he treats his customers fairly and with respect. He is assisted by family members. He buys his goods in Conakry twice per month and in Freetown once every week. He saves some of his profit, some he uses to add to his working capital. He plans to expand if he is given subsequent loans that will enable him to accomplish his dreams. He thanks you for your support.

Additional Information

About the Association for 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.

About Sierra Leone

  • $2,100
    Average annual income
  • 40
    View loans »
    Sierra Leone Loans Fundraising
  • $10,094,200
    Funds lent in using Kiva
  • 4,375.0
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Osman to buy electronics for sale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jan 11, 2012
Jan 20, 2012
Currency Exchange Loss:
Oct 16, 2012