Blessing Children Group
Watta started her business selling cloth, fabric, thread, and linen about 21 years ago with $40 U.S. in starter capital provided by her father as a wedding gift. Watta sells at the Red Light Market, a bustling area full of shops, stalls, and tabletop and mobile sellers and trades people. Red Light is Liberia's largest market and is on the outskirts of Monrovia, the capital of the country. Watta credits her success at business with talking to customers in a polite manner.
Watta plans to use her 12,000 Liberian dollar share of this 60,000 Liberian dollar group loan to buy trousers, wedding garments, and other goods for her business. Someday, she dreams of getting into real estate as a business. She also hopes that she will continue to be successful enough to support her children so they can improve their lives.
In the photo that accompanies this profile, Watta is the one holding the sign.
The Local Enterprise Assistance Program (LEAP) is Liberia's largest and oldest continuously operating microfinance institution with 13 branches across the country. Founded in 1994, the non-profit organization has survived periods of civil war and severe socio-economic hardship. LEAP seeks to help rebuild post-conflict Liberia through its group and individual loans to micro- and small-scale entrepreneurs, and puts emphasis on lending to women.
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.
0View loans »
Success!! The loan was 100% repaid