Update on JoshuaThis is Joshua. He is 43 years old, married, and has an 18 month old child. In 1997, Joshua established a local foodstuff business. He started this business because he needed a source of income so that he would not continue to be dependent on his father for all his needs. Working 7 days a week and 10 hours a day, he earns about SLL 950,000 every month.
Joshua requires a loan of SLL 4,500,000 in order to increase his stock of palm oil, as this is the season that palm oil, coconuts, groundnuts and oranges are bought at a reduced rate from the farmers. In the future, Joshua plans to give his only daughter a good education and buy a piece of land where he wants to build a house for his family. He thanks you for your support.
Previous Loan DetailsThis is Joshua. He is 42 years old and married, with one child, aged eight months. In 1997, Joshua established his local food stuff business. He started this business because he needed a source of income, so that he would not continue to be dependent on his father for all his needs. Worki... More from Joshua'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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