God Bless You Group
For 20 years, she has been selling slippers at the Rally Town market in downtown Monrovia, Liberia. Martha started by selling petty goods and fish but has been facing problems with low funds to do business and she lacks a sponsor. She places her goods in an orderly manner in order to keep customers returning.
Martha plans to use her 20,000 Liberian Dollar portion of this 80,000 Liberian Dollar group loan to purchase more slippers to improve her business. Her goals and dreams are to improve her business by building a shop and to build a house for her children.
In the photo that accompanies this profile, Martha 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