United Friends Progressive Organization Group
Martin’s business is shoe sales. He buys shoes wholesale and sells them for retail in downtown Monrovia, Liberia. He has been running this business for 25 years and is hoping to improve his business to the highest level possible. Martin started by working as a salesman for his brother but later decided to establish his own business. Since Martin started his business, he always keeps his goods clean and arranged in an ideal location to attract customers, and during transactions he approaches them in a good manner in order to encourage them to always buy from him. Martin needs this loan in order to buy more goods to serve customers. He dreams of giving his children a better education to prepare them for the future to come.
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