Alice K. is a 48-year-old mother of seven who owns and operates a small general store. Her husband, Andrew, works at the Firestone rubber plantation near their residence in Harbel, Margibi County, Liberia. Harbel is about 40 miles from Monrovia, the nation's capital. From 1991 to 1992, during Liberia's civil war, Alice was forced to take refuge in neighboring Guinea to the north. She is thankful that since her return her business has allowed her to accomplish so much.
Alice started her general store about 12 years ago. She has found success in her enterprise, which helps pay for her children's school fees. Her seven daughters are all in school; the oldest is 25 and studies computer science at university and the youngest is four years old. Alice and her husband have also been able to afford to buy land and build a house for their family.
Alice intends to use the proceeds of this loan to buy more inventory for her store such as sugar, flour, rice, batteries, candles, soap, and laundry detergent.
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, this 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.