Successful Women Group
Sara is a schoolteacher by profession but decided to get into business in order to support herself and her children financially.
She lives in Virginia, a community that is mixed with both poor and middle-class Liberians. It is in the northern part of Monrovia, the capital.
Sarah's business is hairdressing. She has a very small salon in Virginia where she does hairdressing for the residents of that community. She has been running this business for more than three years and is doing well. Because Sarah gives the residents of Virginia good service, and also has a good relationship with her customers, they always want to have their hair fixed in her salon.
Sara dreams of establishing a bigger salon in the future which will enable her to build a house for herself and the children. She needs this loan in order to purchase more hair products and salon materials.
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