Emmanuel’s business is brick making. He molds bricks and sells them retail to those that are into renovation, since Lynch street was destroyed by the civil war.
After making bricks during the daytime, Emmanuel’s night business is operating his little tea shop. He also serves as a photographer to the residents of Lynch Street. Emmanuel started as a brick contractor and raised some money which he used to start up his own business and he has been working at this business for 9 years. He always has goods on hand and sells at an affordable price, so him has a lot of customers.
Emmanuel’s main difficulty is during the rainy season when the rain damages his bricks because he does not have a shelter. Emmanuel needs this loan to purchase more cement in order to produce more bricks that can serve his customers and also to build a shelter to work under and that can also protect his bricks. He hopes to have a big business, if possible a company in the future.
Emmanuel dreams of having access to funds that can help other people through his business.
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