God Will Provide Group
Catherine has been selling fish at the Red Light market in Paynesville, Liberia, for 6 years. She started with 300 Liberian Dollars in working capital but has been able to improve her profits by purchasing fish cartons. To keep customers returning, she sells them large fish.
Catherine plans to use her 9,000 Liberian Dollar-portion of this group loan to purchase more fish to improve her business. Her goal and dream is to expand her business to all parts of Liberia.
In the photo that accompanies this profile, Catherine is 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