Update on IsataThis is 41-year-old Isata B. She is married and has four children who are 18, 16, 12 and 8 years old. In 2005, Isata B. established her school bags, traveling bags and ladies bags business. She began her business because she inherited it from her mother and since she was not fortunate enough to go to school, she decided to use the business as her own career.
Working six days a week and 11 hours a day, she earns about 1,800,000 Le (Sierra Leone leones) every month from this business. She would like a loan in the amount of Le 6,000,000. Isata requires a loan in order to buy more bags. She was able to secure another sales outlet out of the profit she made from the previous loan, which is run by her cousin. Her plan of becoming an agent has not materialized, but she is still on it. As much was realized from her previous loan, she was able to make prompt payment of school fees for her children. Her monthly profit greatly increased and she was able to open a savings account with a commercial bank. She is still determined to become an agent for one importer in town.
She thanks you for your support.
Previous Loan DetailsThis is 41 year-old Isata B. She is married and has four children who are 18, 16, 12 and 8 years old. In 2005, Isata B established her school bags, traveling bags & ladies bags business. She began her business because she inherited it from her mother and since she was not fortunate enough to go ... More from Isata'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
- Sep 20, 2013
- Oct 4, 2013
- Currency Exchange Loss:
- Apr 16, 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.