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New Day Business Group
In this Group: George, Boakai, Varney, Albert, Moses
New Day Business is a group of five borrowers led by George B. M.. He is 38 years old, is married, and has three children aged 7 to 18 years old with educational levels of kindergarten through 6th grade. George was not able to finish college because of a lack of financial support.

George runs a photography business, offering services such as taking passport photos and taking pictures for special occasions. He has been running this business for more than ten years and hopes to own a photo studio in the near future.

George says he does high-quality work in order to persuade customers to continue patronizing his business. George will use this loan to purchase another camera to improve his business.

George dreams of giving his family a better life.

About LEAP:
The Local Enterprise Assistance Program (LEAP) is Liberia's largest and oldest continuously operating micro-finance institution with thirteen 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.

Additional Information

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.

About Liberia

  • $700
    Average annual income
  • 0
    View loans »
    Liberia Loans Fundraising
  • $3,038,900
    Funds lent in using Kiva
  • 70.5
    Liberia Dollars (LRD) = $1 USD