Update on IsatuThis is 37-year-old Isatu. She is married and has two children, ages 15 and 11. In 2006, Isatu established her food stuff business. She began her business just to actualize her dreams of independence. Her business is located at a city center, and her main customers are both men and women. Working seven days a week and 13 hours a day, she earns about SLL 650,000 every month from this business.
She would like a loan in the amount of SLL 4,000,000. Isatu has already received, and successfully repaid, four loans, and now requires a new loan in order to buy onions (for 2,000,000 SLL) and sacks of groundnuts (for 2,000,000 SLL). She hopes that this loan will increase her stock level, and hence her profit.
In the future, Isatu plans to educate her children, start selling on a wholesale basis, and complete the construction of her house. She appreciates the gesture she is receiving from Kiva. She thanks you for your support.
Previous Loan DetailsThis is 36-year-old Isatu. She is married and has two children who are 14 and 10 years old. In 2006, Isatu established her groundnut and beans business. She began her business because she wants to actualize her dream of independence and that is her only source of income. Working 7 days a week... More from Isatu'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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