Kitoboi #2 Group
Molay is 45 years old and married with three children, aged 8-23. Her middle child is in the 8th grade but the oldest didn’t get to attend school because of the war. Molay was unable to attend school because, although she enjoyed it, the cultural norm was for girls to rely on their husbands to provide, and therefore school was considered unnecessary. Molay lives in remote Kolahu City in rural Lofa County, the breadbasket of Liberia.
Molay’s business is dry goods, including Maggi cubes (a soup product), spices, matches, palm oil, etc., which she buys wholesale and sells in a temporary market stall alongside approximately one hundred other vendors of various trades. She has run her business for four years and is successful because her customers like her personality and her work ethic.
Molay’s dream is to grow her business so that she can one day have a bigger table in the market. With the profits from her business she dreams of raising her family well and sending her youngest children to school which she was unable to attend.
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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