God Mercy Group
For 10 years, Alice has been involved with the sale of sugar cane, buying in bulk and selling retail. Her business is located in Wroto Town on the outskirts of Monrovia. She started by selling kerosene with funds from her husband. Alice is challenged by the lack of sufficient funds to purchase enough produce for sale. She explained that customers are attracted to her business because she offers lower prices.
Alice plans to use her 8,000 Liberian dollar portion of this 40,000 Liberian dollar group loan to buy more sugar cane to increase her stock. Her dream is to buy a land, build a house and increase her business from selling on a market table to a large shop.
In the photo that accompanies this profile, Alice 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