Family System Group
A portion of Family System Group’s $1,525 loan helps a member to pay for more medicinal drugs.
Family System is a group that has come together to help themselves achieve their individual dreams by attaining a loan to improve on their sales. Family System is made up of 4 members who are requesting a total loan amount of SLL 6,000,000. With this, they will be able to grow and improve the availability and accessibility of the business.
Adama is to receive a SLL 1,500,000 portion of this loan to purchase more medicinal drugs. Adama is shown at the right of the picture.
With the proceeds of her business Adama plans to save for her children’s education and welfare. She thank you for supporting them.
More information about this loan
This loan is to a borrower living in Sierra Leone, one of the countries in West Africa currently experiencing an Ebola outbreak. The epidemic is the largest in history, claiming thousands of lives and deeply affecting the national economy. This partner is continuing to operate throughout the outbreak, but accordingly these loans will have a higher risk associated with them. Learn more about the epidemic here.
About the Association for Rural Development
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 itspartner profile page, support the organization and its staff by joining the ARD lending team, orlend to another one of its borrowers currently raising funds on Kiva.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva’s Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower’s loan. The other members of the group are not required to use their loans for the same purpose.