With God All Things Are Possible Group
For 2 years, Sonnie has been selling hardware on a table at the Redlight market in Paynesville, Liberia. She usually sells her goods, to customers, at a discount which keeps them returning. Sonnie started selling with 9,000.00 Liberian Dollars as working capital and now has more than 25,000.00 Liberian as working capital. She plans to use her 12,000 Liberian dollar portion of this 52,000 Liberian dollar group loan to buy more hardware. Her goal is to grow her business and to take care of her children so that they can have a better future.
In the photo that accompanies this profile, Sonnie is the one holding the sign. Inset at the lower right is Mamie M..
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