|Kabba is taking out another loan on Kiva – OxygenWorldwide help third world people to grow their own businesses.
This is an update on ourr loan to Kabba in Sierra Leone.
We wanted to let you know that Kabba has another loan posted on Kiva! Here’s the description of their new loan:
This is 52-year-old Kabba. He is married, and has four children aged 23, 20, 16 and 14. He has one additional dependent, who lives with him and his wife. In 1997, Kabba established his muslim caps and beads business. He began his business to enable him to solve his domestic problem. His business is located in the city center and his main customers are Muslim men and women. Working 7 days a week and 10 hours a day, he earns about Le 650,000 every month from this business. He would like a loan in the amount of Le 4,000,000. Kabba has already received and successfully repaid three loans, and now requires a new loan in order to buy dozens of Muslims caps (Le 2,500,000) and dozens of Muslims beads (Le 1,500,000). He hopes that this loan shall increase his stock level and hence his additional income level. In the future, Kabba plans to complete his construction of his house, to educate his children and to rent a shop.
He thanks you for your support.
You can see Kabba’s new loan by visiting http://www.kiva.org/lend/593927?_te=rlnol.
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.
Additional notes from Kiva:
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