Funded

Total loan: $925
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Osman

Sierra Leone
Makeni, Sierra Leone / Electronics Sales

A loan of $925 helped to purchase tapes (50 pieces at Le 40,000); radios with memory cards (10 pieces at Le 50,000); electronic lanterns (one dozen for Le 500,000) and watches (100 pieces at Le 10,000).


Osman's story

This is 33-year-old Osman. He is married and has four children aged one, six, nine and thirteen years. In 2006, Osman established his electronics business selling such items as radios, tapes, watches, memory sticks, and electric lights. He began his business because after the rebel war, things were so difficult for his family; they lost everything. He stayed in his village doing petty trade from one village to another until he saved enough to be able to relocate to Makeni Town. He started dealing on watches, and over some years his business improved gradually. Working seven days a week and ten hours a day, he earns about Le 863,700 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 two loans. He now requires a new loan in order to purchase tapes (50 pieces at Le 40,000); radios with memory cards (10 pieces at Le 50,000); electronic lanterns (one dozen for Le 500,000) and watches (100 pieces at Le 10,000).

In the future, Osman plans to open a shop and build a house. The loan will help because it is a means of generating income. Competition is one tough issue, but he purchases a quality and quantity of goods that give him the lead in the market. He is hardworking and competitive. Having good capital will boost his business, and continued access to loans will enable him to achieve his goals. He thanks you for your support.



Loan details

Loan length:

11 months
Disbursed date: September 19, 2012
Facilitated by Field Partner: Association for Rural Development (ARD)

Lenders and lending teams



Loan details

Loan length:

11 months
Disbursed date: September 19, 2012
Facilitated by Field Partner: Association for Rural Development (ARD)