Marie lives and works in the New Matadi community south of the capital, Monrovia, Liberia. Marie's business is buying charcoal and fufu (local Liberian food) wholesale from rural Liberia and selling it to the residents of New Matadi, Monrovia, Liberia. She has been running this business for 19 years and is grateful to the business for funding her children's education throughout these years.
Marie started by selling prepared food but later decided to get involves in out-of-town business. She also sells good products to her customers to retain them as customers. Marie is hoping to establish a store in future. And she dreams of her and her children being successful in the future.
Marie needs this loan in order to purchase more goods that can cover her customers' needs.
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