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Update on Mohamed

Mohamed is 43 years old, married, and has three children. He has two additional dependents, his late brother's children, who live with him to help with their schooling.

In 2005, Mohamed established his bread business. He began his business because wants to be self reliant. Working six days a week and 12 hours a day, he earns about 2,094,000 SLL a month from this business.

Mohamed is requesting his third loan for 5,000,000 SLL, which he will use to buy flour. He hopes that this loan can improve and increase his production. In the future, Mohamed plans to open another bakery within the town.

Previous Loan Details

This is 43-year-old Mohamed. He is married and has three children aged 22, 18 and 12. He has two additional dependents, who live with him because they are aged. In 2005, Mohamed established his bakery business. He began his business because of the high profit earned in bread production. Worki... More from Mohamed'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
  • 32
    View loans »
    Sierra Leone Loans Fundraising
  • $9,980,225
    Funds lent in using Kiva
  • 4,329.9
    Sierra Leone Leones (SLL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Mohamed to purchase wheat flour.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 5, 2013
Apr 11, 2013
Currency Exchange Loss:
Nov 17, 2013