Update on MaryThis is 44-year-old Mary. She is divorced and has two children, aged 12 and 15. She has two additional dependents, who live with her to assist a sister. In 2004 Mary established her business, selling cooking utensils, shirts, suit cases, jeans, and shoes. She began her business out of the need to be self-reliant, after being devastated by the war.
Working six days a week and 10 hours a day, she earns about 1,900,000 SLL every month from her business. She would like a loan in the amount of 4,500,000 SLL. Mary requires a new loan in order to add more cooking utensils to her inventory.
Mary plans to expand the shop with the sale of soft drinks, and open a shop at the center of town, in the future. The loan can increase the profit that can be used for expansion. Mary thanks you for your support.
Previous Loan DetailsThis is 44 year-old Mary. She is divorced, and has 2 children aged 12 and 14. She has 2 additional dependents, who live with her to assist a sister. In 2004, Mary established her cooking utensils, shirts, suit cases, jeans, and shoes business. She began her business out of the need to be self rel... More from Mary's previous loan »
About the Association for 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.
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Success!! The loan was 100% repaid