Update on SubbaThis is forty-three-year-old Subba. He is married, and has three children aged four, five and ten. He has one additional dependent, who lives with him to help with the household chores. In 1994, Subba established his used bags business. He began his business after coming from his village as a result of the war to be self-reliant. His business is located in the city center and his main customers are adults.
Working 7 days a week and 10 hours a day, he earns about SLL 3,983,000 every month from this business. He would like a loan of an amount of SLL 5,000,000. Subba has already received and successfully repaid four loans, and now requires a new loan in order to pay for additional school bags and traveling bags. He hopes that this loan will increase the stock and improve the business.
In the future, Subba plans to move to a shop and improve the business, he also plans to add more stock and get more profit with the loan. He thanks you for your support.
Previous Loan DetailsThis is 43 year-old Subba. He is married and has 3 children, aged 3, 5 and 9. He has 1 additional dependent who lives with him to help with the house chores. In 1994, Subba established his used bags business. The business started after coming from the provinces to be self reliant. He would like a... More from Subba'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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