God's Children Group
For two years, Browne has been selling shoes at the Red Light Market in Paynesville, which is near Monrovia, Liberia. He says he sells the shoes “in a clean environment and at a low price,” which keeps customers returning. One of the challenges he faces is that there are many competitors in the market.
Browne plans to use his 6,000 Liberian dollar portion of this 30,000 Liberian dollar group loan to buy more shoes. His goal is to expand his business and to live a healthy life.
In the photo that accompanies this profile, Browne 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