Friendly People Group
Garmai’s business is the sale of general goods such as insecticides, candles, matches, torch lights, etc. She buys her goods from wholesalers and sells retail from a tabletop in front of her house to residents of Bernard Farm. She has been running this business for more than 18 years and hopes to own a shop in the near future.
Garmai started selling in neighboring Guinea when she was there as a refugee. She was able to save a little starter capital through doing laundry for Guineans, then got into her general goods sales. When Garmai returned home, she continued doing her business.
Garmai talks to her customers in a good manner in order to encourage them to continue buying from her. She needs this loan to purchase additional general goods for resale. She dreams of giving her children education as a gift and helping them become future leaders.
In the photo that accompanies this profile, Garmai is the one holding the sign. Kpana T. is in the lower right inset photo.
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, a Kiva partner, 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