Update on MbaluMbalu is 43 years old, married, and the mother of five children who range in age from 7 to 22 years. In 2007, she went into the business of selling food items, such as oil, salt, mayonnaise, butter, flour, milk, eggs and sugar. She began this business because her parents did not send her to school, and instead had her work with her mother. Now she has a business of her own, works 7 days a week, 11 hours a day, and earns about SLL 800,000 a month.
She is requesting a loan of SLL 4,000,000 to buy more food items to sell to her customers, including cake flour, sugar, couscous, salt, shrimp and luncheon meats. Mbalu plans to open a large store in the future, so she can earn enough money to provide her children with a higher education. She thanks you for your support.
Previous Loan DetailsMbalu is 43 years old, married and the mother of five children who range in age from 7 to 22 years old. In 2007, she went into the business of selling food items such as oil, salt, mayonnaise, butter, flour, milk, eggs and sugar. She began this business because her parents did not send her to sch... More from Mbalu'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.
About Sierra Leone
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jan 18, 2013
- Jan 21, 2013
- Currency Exchange Loss:
- Aug 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.