Krubo is married with 4 children, ages 5-22. Her 15 year old is only in the 6th grade because she was forced to drop out during the war. Krubo is 35 years old, illiterate, and lives in Borkeza Town.
Krubo’s business is selling dry food goods in the market, including onions, manpo (local spice), sugar, salt, tomato sauce, etc. She buys these food items wholesale in neighboring Guinea. She has been running her business for 2 years. She’s taking a loan to increase her inventory sufficiently so she can serve more customers. With the profits she dreams of building a more permanent shop and investing in the future of her children, especially investing in education since she was unable to attend school.
Note on LEAP:During routine partner monitoring, Kiva learned that LEAP's delinquency data may be understated due to technical problems with their reporting software. Because this report is key to our analysis of the risk of this partner, delinquency or default rates on loans to this partner may be higher than we expect. For further details, see LEAP’s partner page 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.
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