One Family Group
Eyee and her family live and work in the Jacob Town community in Gardnerville, Monrovia, Liberia but she sell in the Red-light market which is the biggest market in Liberia in Paynesville.
Eyee’s business is the sale of alcoholic beverages such as hard cane juice and locally-made gin. She buys her goods from wholesalers and sells retail in a small shop in the Jacob Town community. She has been running this business for more than 12 years and hopes to own a rice store in the near future.
Eyee started selling with 2000 Liberian Dollars that she raised from her petty trade business. She is friendly towards her customers in order to encourage them to continue buying from her. Eyee needs this loan to purchase more alcoholic beverages for resale. She dreams of giving her children a good education so they will have a better future.
In the photo that accompanies this profile, Eyee is the one holding the sign.
The Local Enterprise Assistance Program (LEAP) is Liberia's largest and oldest continuously operating microfinance institution with 13 branches across the country. Founded in 1994, the non-profit organization has survived periods of civil war and severe socio-economic hardship. LEAP seeks to help rebuild post-conflict Liberia through its group and individual loans to micro- and small-scale entrepreneurs, and puts emphasis on lending to women.
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