Good Luck Group
He is an 11th grade student who depends on business to cater for he and his child.
Peter and his child lives in Molton Corner, north of the outskirts of the capital city, Monrovia, Liberia.
Pater’s business is his center. He owns a call center where he does pay calls, sells mobile phones recharge call cards, and exchange of foreign currencies like United States Dollars and Cefa to residents of Molton Corner.
Peter has been running his business for 2 years and hoping to establish a big foreign exchange bureau in down town Monrovia, Liberia.
He sometimes faces low recharge call card problems that make business bad for him.
Peter needs this loan in order to add up and buy more recharge call card to improve business.
He dreams of giving his child a better education and to prepare him 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