God Bless You Club #1 Group
Fatu and her family live and work on Benson Street, opposite the A.M.E. Zion University in downtown Monrovia, Liberia. Fatu’s business is the sale of food such as cooked rice, and drinks such as soft drinks and alcoholic beverages. She buys her food and drink items and sells them in a shop to residents in the Monrovia community. She has been running this business for 18 years and hopes to expand it to such a level that she would be able to own a restaurant in the near future.
Fatu started her business with 150 Liberian dollars as working capital, and she now operates with 100,000 Liberian dollars as working capital. She sells high-quality food in order to encourage customers to continue buying from her. Fatu needs this loan in order to purchase more food to serve her customers. She dreams of getting a house of her own.
In the photo, Fatu is the one holding the sign. Nyenpu Y. is inset at the bottom right of the 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 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