Marie Nyumah Group
Marie lives in Clara town, Bushrod Island, a commercial community north of the capital, Monrovia, Liberia. Bricks and soap production is Marie's business, and she has been running this business for 20 years. Selling good products and wonderful human relations have brought her this far.
Marie started this business with Ld$4,000 her husband gave her; she now operates for more than that amount. She is hoping to turn her little business into a factory through hard work and good management.
Marie needs this loan in order to purchase more raw materials for production. She dreams of giving her children better education and health care.
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