For 15 years, Genevive has been selling engine oil, kerosene, soaps and toothpaste at the Redlight market in Paynesville, Liberia.
She sells goods that are high in demand and talks to her customers in a nice manner, in order to encourage them to continue buying from her.
Genevive started selling with a little amount of cash. She now has an improved size of business at the Redlight market.
She plans to use her 8,000 Liberian dollar portion of this 39,000.00 Liberian dollar group loan to buy more engine oil, kerosene and soap. Her goal is to grow her business to a better size and to improve the living conditions of her family.
In the photo that accompanies this profile, Genevive is the one holding the sign.
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