In God We Trust Group
To deal with her lack of formal education, she learned tailoring and today both lives and works on McDonald Street in downtown Monrovia, Liberia. She buys clothes wholesale and sells them retail. She also sells jewellery. Her business has been doing well.
Fatu started as a contractor but later opened her own shop. Sometimes, she faces difficulties and challenges because she has so many customers that she has a hard time taking care of all of them. Fatu believes that by buying the right goods and preparing them carefully for sale, she can retain her customers because everyone wants nice clothing.
Fatu has been in business for more than 10 years but still wants to grow so she can own a big business and improve her skills. She would also like to build a house for her child. She has applied for this loan to buy more clothes and better serve her customers.
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