Catherin sells underwear. She buys wholesale and sells retail to customers of Waterside Market. She started her business 16 years ago with a very small stock, but her store has improved bit by bit. Catherin believes that talking nicely to customers makes them want to come back and buy from you; that’s her secret for maintaining customers.
Catherin needs this loan to purchase more underwear at wholesale prices so she can earn more profit to meet her family's needs, especially educating her children. Her goal is to expand her business to a very high level. She dreams that she and her family can become successful.
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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Success!! The loan was 100% repaid