Jesus Love Group
Jennes is engaged in the business of selling general goods. In particular, she buys general goods such as detergents, candles, matches, and batteries at wholesale prices, and she then sells the goods at retail prices to residents of her village. She has been running this business for 21 years, and she hopes to establish a larger store in the future. She notes that poor road conditions often make it difficult for her to transport new goods to Molton Corner. Regardless, she has a great relationship with her customers, which effectively encourages them to continue buying goods from her business.
She is requesting this loan so that she can purchase additional goods. Her dream is to build a house for her and her family and to thereby improve her family's standard of living.
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