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If I Had Known Group
In this Group: Sonnie, Korto, Krubo, Wewee, Liabe
Sonnie K. is the leader of the group of five borrowers called If I Had Known Group. She is 48 years old, married and has seven children who range from two to 35 years old. Sonnie was never able to attend school because her parents refused to pay. For 35 years, Sonnie has been selling dried fish and palm oil at the Red Light Market in Paynesville, which is near Monrovia. She says that she provides her customers with high quality dried fish and palm oil, which keeps them coming to her for business. One of her challenges is that sometimes sales in the market can be slow. Sonnie plans to use her 6,000 Liberian dollar portion of this 30,000 Liberian dollar group loan to buy more dried fish and palm oil. In the photo that accompanies this profile, Sonnie is the one holding the sign.

About LEAP:

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.

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

  • 500
    Average annual income
  • 0
    View loans »
    Liberia Loans Fundraising
  • $3,031,050
    Funds lent in using Kiva
  • 72.1
    Liberia Dollars (LRD) = $1 USD