Catherine sells used clothing in the Gbarnga Central Market. She buys the used clothes from wholesalers and sells them retail to residents of her community. She sells high quality used clothing to encourage the her customers to patronize her business. Catherine has been running this business for 4 years, and hopes to improve the business to meet international standard in the near future.
The high cost of transporting her goods to her business site is a difficulty for Catherine’s business. Drivers charge huge amounts to take goods from one destination to another.
Catherine needs this loan to purchase more goods to improve her business. Catherine dreams of building her family up in a very good manner.
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