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Update on Daniel

In 2005, Daniel established his spare parts business, selling clutches, fan belts, brake oil, engine oil, bearings, brake pads, brake liners, carbon brushes, etc. He began his business because he dropped out of school because of sponsorship. His father sent him to a garage to acquire knowledge in vehicle maintenance. After specializing in it and accumulating some amount of money, he opened a spare parts shop.

Working seven days a week and 11 hours a day, Daniel earns about 2,200,000 SLL (Sierra Leone leones) every month from this business. He would like a loan in the amount of 6,000,000 SLL. Daniel has already received and successfully repaid four loans, and now requires a new loan in order to buy clutches, fan belts, brake oil, plugs, carbon brushes, etc.

In the future, Daniel plans educate his children, acquire a bigger shop and to become an international businessman. This loan will help him to generate more income. Daniel is a very hardworking and devoted man with good vision. He thanks ARD for improving his business. He thanks you for your support.

Previous Loan Details

This is 43-year-old Daniel. He is married and has 5 children, aged 3, 5, 8, 12 and 15 years, all are school-going children. In 2005, Daniel established his spare parts business selling clutches, fan belts, brake oil, engine oil, bearing, brake pads, brake liners, carbon brushes, etc. He bega... More from Daniel's previous loan »

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.

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.

About Sierra Leone

  • $2,100
    Average annual income
  • 44
    View loans »
    Sierra Leone Loans Fundraising
  • $10,094,225
    Funds lent in using Kiva
  • 4,339.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Daniel to buy auto spare parts to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Jan 21, 2013
Currency Exchange Loss:
Aug 17, 2013
This photo was used before for a previous loan for Daniel. It was first posted on Kiva on Sep, 2012. Learn More