Selena J., who is holding the sign, is the leader of this group of five borrowers called Help Your Friends. She is 34 years old and unmarried, and has four children between the ages of 3 and 16 years. She was only able to attend school through 12th grade due to financial difficulty.
For nine years, she has been operating a beauty salon on Ashmun Street in downtown Monrovia, Liberia. She plans to use her 10,000 Liberian Dollar portion of this 41,000 Liberian Dollar group loan to buy more shampoo, hair driers and other hair products.
She describes herself as a kind and friendly woman whose dream is to improve her business to international standards.
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.