Help Yourself Group
Ballah has a general store.He buys consumer goods, such as body cream, bath soaps,batteries, and food, in wholesale quantities and sells then retail from a table to the residents of Kebbah, Barnersville, Monrovia, Liberia. He has been running this business for 10 years and hopes to improve it in the future by importing consumer goods into Liberia .
To encourage customer to continue to patronize his business, Ballah talks to customers in politely and never gets angry when customers misbehave. He started his business with LD$150.00 from his savings and money from selling charcoal. He needs this loan to purchase more consumer goods to improve his business. Ballah dreams of providing a better education for his children and building a house for them in 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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