Harrison V. is a businessman who sells general goods such as soft drinks, hairstyling kits, toothpaste, body cream, beverages, and children's clothing. He buys his goods wholesale from the Red Light Market on the outskirts of Liberia's capital Monrovia and sells from a retail shop in the Kpelle Town community of nearby Paynesville.
Harrison is 28 years old and is married with a 7 year-old-child who is attending kindergarten. Harrison himself is a high school graduate. He is preparing to go to college because he is seeking a higher education.
Harrison has been running his business for 5 years and hopes to grow his business into a larger store in the near future. He started selling on a table in front of his house, and then moved into a little booth. His business has now grown into a small shop.
Harrison credits his success in business to maintaining good relationships with residents of Kpelle Town in Paynesville, his customers. He needs this loan in order purchase more hairstyling kits, tooth paste, body cream, tissue, and other goods. He plans to invest any extra money into his cement and call center businesses.
Harrison dreams of becoming more successful in the future, and hopes to educate his son well.
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.