United Group is a group of five borrowers led by Mary B.. Mary is 38 years old and married with three children, ages 3-13 years old and she also cares for a sibling. Her children's educational levels are between 1st and 4th grade. Mary could not continue her education through junior high due to poverty.
For 12 years, Mary has been selling foodstuffs like rice and oil at the Red Light Market, which is the largest market in Liberia. Mary sells good quality food products to her customers. She also keeps a good business relationship with her customers to encourage them to continue buying from her. Mary will use this loan to purchase more bags of rice and more gallons of oil. She dreams of seeing her children continue to be educated.
In the photo that accompanies this profile, Mary 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