God Mercy Group
David is a college drop-out due to poverty. He decided to sell used clothing in the Waterside market, downtown Monrovia, Liberia. He has been running this business for 20 years. He started with Ld$1,000 but with hard work and good management, he has come this far.
David always sells his customers good products and treats them well to encourage them to always patronize his business. David dreams of growing his business to a higher level so that he will be able to order goods from containers from abroad and become successful so that he can educate his children and have access to health facilities.
He needs this loan to purchase more goods in order to promote 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