Robert is also a university graduate with a bachelor's degree in accounting. He feels that his education shouldn’t be forgotten and believes that with his level of education he can make the business a better one.
Robert lives and works on Johnson Street in downtown Monrovia, Liberia, which is a community of poor people that depend on the government to take care of them.
Robert’s business is building materials. He purchases them wholesale and sells retail to the residents of downtown Monrovia, Liberia. He has been running this business for over 6 years. He started this business with a small amount but is doing fine in business.
Robert attracts his customer because he knows how to talk to them and is sited at a strategic point so that if anyone comes to buy he will be the first vendor to be seen.
Robert needs this loan to purchase more building materials to sell for a profit. Robert hopes to expand his business to owning a building materials store and become successful. And he dreams of seeing his children having a good education and being in good health also.
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