Only God Group
Lafayette lives and work on Gurley Street, east of downtown Monrovia, Liberia. Gurley Street is known to be a very rough street, where local night clubs, motels, and liquor shops are located, therefore most parents in that community don’t care for their children appropriately, and this has a negative impact on their lives.
Lafayette’s business is buying used clothing bales wholesale and selling the clothing retail to the residents of Gurley Street. He started this business with a small amount of capital but with courage and seriousness, he is making his business move forward.
Lafayette has been running this business for 22 years because it is what he feeds the family and pays his children's school fees from. Lafayette sells good quality clothing and has a good approach to customers; that is the secret to the growth of his business. He need this loan to purchase more used clothing bales wholesale to grow this business into a bigger one.
Lafayette’s goal is to own a used clothing store and expand. His dream is to give his children a quality education and improve his own and his family’s lives.
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