United Women Group
Beatrice's business is selling fish. She buys fish wholesale from fishermen and sells it retail to residents of Virginia. She has been running this business for 27 years and hopes to establish a fish wholesale depot in the future. Beatrice talks to her customers in a good manner and sells good, fresh fish, in order to encourage them to continue buying from her. She is requesting a loan in order to purchase more fish to sell to her customers. Beatrice dreams of giving her grandchildren a good education as preparation for the future.
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