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LEAP started its operations in 1994 with the goal of providing loans and saving products to the vulnerable poor. LEAP seeks to assist those who do not have access to the formal banking institutions within Liberia.
As a Christian organization, LEAP provides microfinance services to all without discrimination. LEAP seeks to promote positive economic and spiritual development in the lives of our clients and their families.
The Mission: To help alleviate poverty in Liberia in the name of Christ, as an extension of the mission of the Church to reflect Christ’s love, compassion, and respect for the poor.
The Objectives:
1. To facilitate income generating activities and foster employment by offering credit and other financial services to target “clients.”
2. To undertake projects, research, and collaborative efforts to improve or develop the financial services that the company offers.
Henry Gayflor
Magnus Gayflor
Gabriel Jackson
Daniel Johnson
Dave McMurtry
Francisco Pastora
Morris Tamba
Liberia > Local Enterprise Assistance Program (LEAP), a partner of World Hope International and World Relief
About the Field Partner
About the Field Partner
Kiva Fundraising Status
Kiva Fundraising Status
| Fundraising Status: | Pilot |
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See all fundraising loans from this field partner >>
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Other Information Sources
Other Information Sources
| MIX Profile: | None |
|---|---|
| Network Affiliation: | None |
| Social Performance Reporting Level: | N/A |
| Consumer Protection Principles: | N/A |
| Field Partner Website: | None |
| Email Contact: | None |
LEAP started its operations in 1994 with the goal of providing loans and saving products to the vulnerable poor. LEAP seeks to assist those who do not have access to the formal banking institutions within Liberia.
As a Christian organization, LEAP provides microfinance services to all without discrimination. LEAP seeks to promote positive economic and spiritual development in the lives of our clients and their families.
The Mission: To help alleviate poverty in Liberia in the name of Christ, as an extension of the mission of the Church to reflect Christ’s love, compassion, and respect for the poor.
The Objectives:
1. To facilitate income generating activities and foster employment by offering credit and other financial services to target “clients.”
2. To undertake projects, research, and collaborative efforts to improve or develop the financial services that the company offers.
Repayment Performance on Kiva
Repayment Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Jun 25, 2009 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $145,300 | $101,929,710 | |
| Amount of Raised Inactive Loans | $0 | $111,475 | |
| Number Of Raised Inactive Loans | 0 | 164 | |
| Amount of Paying Back Loans | $131,150 | $44,703,125 | |
| Number Of Paying Back Loans | 305 | 63,327 | |
| Amount of Ended Loans | $14,150 | $57,115,110 | |
| Number Of Ended Loans | 32 | 83,635 | |
| Delinquency Rate | 0.00% | 4.28% | |
| Amount of Paying Back Loans Delinquent | $0 | $1,913,000 | |
| Amount of Paying Back Loans | $131,150 | $44,703,125 | |
| Number of Paying Back Loans Delinquent | 0 | 6,018 | |
| Default Rate | 0.00% | 1.96% | |
| Amount of Ended Loans Defaulted | $0 | $1,119,957 | |
| Amount of Ended Loans | $14,150 | $57,115,110 | |
| Number Of Ended Loans Defaulted | 0 | 3,369 | |
| Currency Exchange Loss Rate | 0.00% | 0.00% | |
| Amount of Currency Exchange Loss | $0 | $0 | |
| Refund Rate | 0.00% | 1.09% | |
| Amount of Refunded Loans | $0 | $1,112,375 | |
| Number Of Refunded Loans | 0 | 1,446 | |
| Updated as of November 21, 2009 1:04 AM | |||
Loan Characteristics On Kiva
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Entrepreneurs | 67.64% | 78.21% | |
|---|---|---|---|
| Average Loan Size | $88 | $403 | |
| Average Individual Loan Size | $1,150 | $591 | |
| Average Group Loan Size | $423 | $1,494 | |
| Average Number Of Entrepreneurs Per Group | 5 | 0 | |
| Average GDP Per Capita (PPP) in Local Country | $500 | $3,464 | |
| Average Loan Size / GDP Per Capita (PPP) | 86.23% | 11.65% | |
| Average Time To Fund A Loan | 0.90 days | 2.27 days | |
| Average Dollars Raised Per Day Per Loan | $97.51 | $177.73 | |
| Average Loan Term | 3.50 months | 9.31 months | |
| Updated as of November 21, 2009 1:04 AM | |||
Journaling Performance on Kiva
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 1 | 51642 | |
|---|---|---|---|
| Journal Coverage | 0.30% | 28.22% | |
| Journal Coverage, Kiva Fellows | 0.00% | 0.21% | |
| Journal Frequency (Average Per Loan Per Year) | 0.02 | 0.32 | |
| Average Number Of Recommendations Per Journal | 7.00 | 10.30 | |
| Updated as of November 21, 2009 1:04 AM | |||
Borrowing Cost Comparison
Borrowing Cost Comparison
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) | 55% | N/A | 35.21% | |
|---|---|---|---|---|
| Average Loan Size (% of Per Capita Income) | 41% | N/A | 23.43% | |
| Average Partner Return On Assets | 33% | N/A | 0.24% |
Field Partner Staff
Tejan FahnbullehHenry Gayflor
Magnus Gayflor
Gabriel Jackson
Daniel Johnson
Dave McMurtry
Francisco Pastora
Morris Tamba
Country Fast Facts
Country Fast Facts
| Country: Liberia |
| Capital: Monrovia |
| Official Language: English 20% (official), some 20 ethnic group languages few of which can be written or used in correspondence |
| Population: 3,441,790 |
| Avg Annual Income: 500 |
| Labor Force: Agriculture: 70% Industry: 8% Services: 22% |
| Population Below Poverty Line: N/A |
| Literacy Rate: 57.5 |
| Infant Mortality Rate (per 1000): 138.24 deaths |
| Life Expectancy: 41.84 years |
| Currency: Liberia Dollars |
| Exchange Rate: 67.5000 LRD = 1 USD |
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