Update on Mariama B.This is 38-year-old Mariama. She is married to a petty trader, and she has two children, ages 20 and 23 years. She has three additional dependents living with her, because she takes care of them while they attend school in the city.
In 2001, Mariama established her 'gara' clothing (locally dyed clothing) business. She began her business because she wanted to be self-employed in order to have a dependable means of earning income and to help her husband provide livelihood for their children. She made good profits for the upkeep of her family, and that is why she loves this type of business.
Working six days a week and 10 hours a day, she earns about 900,000 SLL every month from this business. She would like a loan in the amount of 3,000,000 SLL. Mariama requires a loan in order to buy one bale of brilliant materials to produce different types of gara cloth, including clothing, bedding, and curtains. She hopes that this loan will enable her to increase her monthly profits by approximately 300,000 SLL.
Mariama used the proceeds from her last loan to pay school fees for her children and provide livelihood for her family. Mariama has yet to open the big shop she is planning to open.
In the future, Mariama plans to open a big shop and continue to sponsor her children as they go through their education smoothly. Competition is high, but she offers the best and latest fashions, giving her an edge over her competitors. She supplies customers in Freetown and Makeni Town, offering the latest patterns and designs to suit her customers' needs. She thanks you for your support.
Previous Loan DetailsThis is 37-year-old Mariama. She is married to a petty trader, and she has two children, ages 19 and 22 years. She has three additional dependents living with her, because she takes care of them while they attend school in the city. In 2001, Mariama established her gara clothing (locally dyed clo... More from Mariama B.'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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About Sierra Leone
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jun 7, 2013
- Jun 14, 2013
- Currency Exchange Loss:
- Jan 17, 2014
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.